Data for Selected Fruits Purchased at Wholesale Prices for 2005

question 30

Multiple Choice

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown below. What is Laspeyres' price index?

• A) 112.70
• B) 179.08
• C) 111.97
• D) 109.36

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Definitions:

Diatoms

Diatoms are a major group of algae, characterized by their unique cell walls composed of biogenic silica.

Paramecium

A single-celled freshwater organism belonging to the kingdom Protista, characterized by its oval shape and the presence of cilia for movement and feeding.

Ciliates

A group of protozoans characterized by the presence of hair-like structures called cilia, which they use for movement and feeding.

Hydrogen Bond

Attraction between a covalently bonded hydrogen atom and another atom taking part in a separate polar covalent bond.