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Data for Selected Vegetables Purchased at Wholesale Prices for 1995

question 132

Multiple Choice

Data for selected vegetables purchased at wholesale prices for 1995 and 2007 are shown next. Data for selected vegetables purchased at wholesale prices for 1995 and 2007 are shown next.   What is your interpretation of the Laspeyres price index? A)  Prices rose 98.4%. B)  Prices declined 1.6%. C)  Prices rose 7.0%. D)  Prices rose 8.0%. What is your interpretation of the Laspeyres price index?


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