A ____________ Index Is a Weighted Aggregate Price Index

question 102

Multiple Choice

A ____________ index is a weighted aggregate price index.It is accurate in its calculation of periodic prices.However,when using this index,it is difficult to compare the prices in different time periods.

• A)Paasche
• B)First-order autocorrelation
• C)Laspeyres
• D)Cyclical (seasonal)

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Definitions:

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission, typically through legal or physical means.

Clean Air

Air that is free from pollutants and contaminants, ensuring environmental quality and public health.

Consumption

The use of goods and services by households or individuals for personal satisfaction or to fulfill their needs.

Artificially Excludable

Describes goods or services from which individuals can be prevented from using unless they comply with certain conditions, despite there being no natural reason for exclusion.