If the Laspeyres Price Index for a Basket of Goods

question 11

Multiple Choice

If the Laspeyres price index for a basket of goods is 128 and the Paasche price index for the same basket of goods for the same time period is 119, which of the following is the value of the Fischer price index, the geometric mean of these two indices?

• A)123.5
• B)9
• C)123.42
• D)None of these choices are correct.

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Definitions:

Gangrene

The death of body tissue due to either a lack of blood flow or a serious bacterial infection.

Perforation

A medical condition in which a hole or tear occurs in the wall of any part of the gastrointestinal tract or other bodily organs.

Endoscope

A flexible tube with a light and camera attached, used to examine the interior of a bodily organ or space.

Natural Opening

A passage by which substances or objects can enter or exit an organ or body part naturally.