Suppose the Base Year for a Lespeyres Index Is 2001

question 3

Multiple Choice

Suppose the base year for a Lespeyres index is 2001.The value of the index is 1.3 in 2004 and 1.6 in 2006.By how much did the cost of the bundle increase between 2004 and 2006?

• A) 0.3%
• B) 23%
• C) 0.23%
• D) 60%

---

Definitions:

Schedule

An organized plan specifying times at which certain events or tasks are intended to occur, often used for organizing work, events, or tasks.

Key Personnel

Individuals who hold critical roles within a project or organization, often essential to its success.

Directive

A formal or authoritative command.

Status Report

A document or update that summarizes the current situation of a project, task, or activity.