Using 2011 as the Base Year,the 2010 Value of the Laspeyres

question 17

Multiple Choice

Using 2011 as the base year,the 2010 value of the Laspeyres Price Index is ______.

• A)69.92
• B)144.06
• C)100.21
• D)79.72
• E)99.72

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Definitions:

Innocent

Innocent refers to not being guilty of a crime or offense, or lacking knowledge of wrongdoing.

Void

Void refers to a legal declaration that a contract or transaction is null, having no effect or force in law, typically due to failing to meet certain legal requirements.

Mistake

An error or misunderstanding in the terms or conditions of a contract that can lead to its revocation or modification if all parties agree or if a court intervenes.

Mortgage

A legal agreement where property is used as security for a loan, with the condition that the conveyance of title becomes void upon repayment of the loan.