A Simple Aggregate Price Index Is the Ratio of the Sum

question 3

True/False

A simple aggregate price index is the ratio of the sum of the prices of the n commodities in the current period to the sum in some base period, multiplied by 100.

---

Definitions:

Aspiration Risk

The potential danger of inhaling food, liquid, or foreign objects into the lungs, which can cause choking or respiratory complications.

Prone Position

Lying flat with the face and torso facing down, opposite of the supine position.

Supine Position

Lying on the back with the face upward, used in medical contexts for examinations or treatments.

Pediatric Dose

The specific amount of medication recommended for children, adjusted according to age, weight, and disease severity.