When Preparing a Price Index Based on Multiple Products,if the Price

question 122

Multiple Choice

When preparing a price index based on multiple products,if the price of each product is weighted by the quantity of the product purchased in a given period of time,the resulting index is called ___________ price index.

• A)Paasche
• B)Weighted aggregate
• C)Laspeyres
• D)Cyclical (seasonal)

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Definitions:

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