A Weighted Aggregate Price Index Where the Weight for Each

question 1

Multiple Choice

A weighted aggregate price index where the weight for each item is its current-period quantity is the

• A) Aggregate quantity index.
• B) Laspeyres index.
• C) Paasche index.
• D) Quantity index.

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Definitions:

Intersection

An operation in set theory whereby only the elements that are common to all sets are included in the outcome.

Marginal Probability

The probability of a single event occurring without consideration of any other events.

Mutually Exclusive

Two events that cannot occur at the same time, indicating no overlap in possible outcomes.

Independent

The condition where the occurrence or outcome of one event does not affect the occurrence or outcome of another event.