Which of the Following Statements Is True About the Comparison

question 88

Multiple Choice

Which of the following statements is true about the comparison between the Laspeyres and Paasche indices?

• A) The Laspeyres index is more expensive to compute than the Paasche index.
• B) The data requirements are more stringent for the Laspeyres index than for the Paasche index.
• C) Unlike the Laspeyres index, the Paasche index incorporates current expenditure patterns of consumers.
• D) Unlike the Paasche index, the Laspeyres index requires that the weights be updated each year and the index numbers be recomputed for all of the previous years.

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Definitions:

Dollar Signs

In programming and spreadsheet applications, dollar signs are often used to denote absolute cell references, or in other contexts, they simply represent currency.

AutoFit

A feature that automatically adjusts the size of a column, row, or text to ensure it fits the content or designated space optimally.

Column Heading

The title or label at the top of a column in a table or spreadsheet that describes the content of the column.

Right Border

The boundary line or edge on the right side of a document, cell, or other elements in a user interface.