For the December consumption basket, the value of the Paasche index is closest to: A. 116 .
Question:
For the December consumption basket, the value of the Paasche index is closest to:
A. 116 .
B. 148 .
C. 160 .
Transcribed Image Text:
Consumption Baskets and Prices over Two Months Date November 2010 December 2010 Goods Quantity Price Quantity Price Sugar 70 kg 0.90/kg 120 kg 1.00/kg Cotton 60 kg 0.60/kg 50 kg 0.80/kg
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Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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