A Price Index for a Given Item Which Is Computed

question 20

Multiple Choice

A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100 is known as the

• A)Producer price index
• B)Consumer price index
• C)Paasche index
• D)Price relative

---

Definitions:

Text Retrievers

Software or tools used to search for and retrieve textual data from databases or the internet based on specified criteria.

Character String

A sequence of characters, either as a literal constant or as some kind of variable, often used in programming and data processing.

Items

Individual objects, things, or units, especially when part of a list or collection.

Files

Digital or physical records that contain data or information relevant to a particular subject or purpose.