The Laspeyres price index_____________?
Correct answer: A. Regards the base year quantities as fixed
- A. Regards the base year quantities as fixed
- B. Regards the base year price as fixed
- C. Regards the current year quantities as fixed
- D. non of these
Explanation
The Laspeyres index uses base-year quantities as weights while comparing prices between periods. It therefore keeps the consumption basket fixed at the base-year composition.
Last updated
Practise Index Numbers and Time Series
34 free Index Numbers and Time Series MCQs from Statistics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Statistics questions like this
Statistics is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
A scaling factor is used to_________________?
A simple aggregate price index_____________?
A time series is an arrangement of data according to __________________?
All Index numbers are not suitable for all _________________?