I Etienne Laspeyres Developed a Method in the Latter Part

question 8

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 price of food in the base period, q₀, as weights.
iii. The Laspeyres' method allows for a meaningful comparison of prices over time; however, if does not reflect 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.

---

Definitions:

Sucked Into

Often used metaphorically to describe becoming deeply involved or engrossed in something, sometimes unwillingly.

Sunrise

A 1927 American silent romantic drama film directed by F.W. Murnau, known for its groundbreaking cinematography and narrative structure.

Light and Shadow

Fundamental elements in visual arts and cinematography that define textures, shapes, and spatial relationships, enhancing mood and drama.

Psychology of Characters

The study and depiction of the mental states, motivations, and complexities of characters in literature, film, and theater.