Mathematics · Index Numbers
Based on the price-quantity data provided below, calculate the Laspeyres price index for the current year (2020) with respect to the base year (2000): GoodBase Year (2000)Current Year (2020)QuantityPrice () Quantity Price()120203050240305060360407070
- 1180
- 2188
- 3190✓
- 4184
Correct answer
190
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