I Etienne Laspeyres Developed a Method in the Latter Part

question 89

Multiple Choice

i. Etienne Laspeyres developed a method in the latter part of the 19^th century to determine a weighted index using base-period weights. ii. If we are constructing a weighted index of the price of food for 2000 using the Laspeyres' method and 1982-84 = 100, we use the amounts consumed in the base period, q₀, as weights.
iii. The Laspeyres' method changes in buying patterns over time.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Marriages

Socially or legally recognized unions between two people as partners in a personal relationship, often involving ceremonies and vows.

Losing Out

Failing to win, gain, or benefit from a situation.

Financially

Relating to matters involving money or finance, often used to discuss the economic status or transactions of an individual or entity.

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The act of legally ending a marriage by the decision of a court or an appropriate entity.