A ________ Index Is a Weighted Aggregate Price Index

question 149

Multiple Choice

A ________ index is a weighted aggregate price index. It is accurate in its calculation of periodic prices. However, when using this index, it is difficult to compare the prices in different time periods.

• A) Paasche
• B) first-order autocorrelation
• C) Laspeyres
• D) cyclical (seasonal)

---

Definitions:

Maximize

To increase something to its greatest potential or highest possible level.

Regulatory Authority

A governmental agency or body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

State Supreme Court

The highest court in a U.S. state, with the ultimate judicial authority to interpret state laws and constitution.

Legislature

A governmental body with the authority to make laws for a specific political entity, such as a country or state.