A Composite Price Index Based on the Prices of a Group

question 22

Multiple Choice

A composite price index based on the prices of a group of items is known as the

• A) Group price relative.
• B) Aggregate price index.
• C) Laspeyres index.
• D) Paasche index.

---

Definitions:

Foreign Policy Goals

The objectives that a country's government seeks to achieve in its relations with other nations, including peace, economic growth, and national security.

Foreign Policy Elite

A group of people, typically from a country's government, intellectuals, and experts, who have a significant influence on the formation of foreign policy.

Late Nineteenth Century

The period from 1870 to 1899, characterized by industrial growth, colonial expansion, and significant social and technological changes.

Early Twentieth Centuries

The period from 1901 to 1940, marked by significant technological, political, and social changes globally.