A Weighted Aggregate Price Index Where the Weight for Each

question 3

Multiple Choice

A weighted aggregate price index where the weight for each item is its base-period quantity is known as the

• A) Laspeyres index.
• B) Paasche index.
• C) Weight index.
• D) Quantity index.

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Definitions:

Distinctiveness

The quality of being clearly different or unique in comparison to other entities or objects.

Consistency

The quality of always behaving or performing in a similar way, maintaining the same standards over time.

Consensus

General agreement among a group or the process of reaching such agreement, typically through discussion and negotiation.

Distinctiveness

The quality of being noticeably different and unique from others, often used to describe features, identities, or products that stand out.