Data for Selected Fruits Purchased at Wholesale Prices for 2005

question 119

Multiple Choice

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown next. What is your interpretation of the Laspeyres price index?

• A) Value rose 9.4%.
• B) Value rose 79.1%.
• C) Value rose 12.7%.
• D) Value rose 12.0%.

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