Economics · Statistics for Economics
Fisher's Ideal Method for calculating the Price Index number is given by which formula?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P01 = ΣP1Q0ΣP0Q0 × 100
- 2P01 = ΣP1Q1ΣP0Q1 × 100
- 3P01 = √ΣP1Q0ΣP0Q0 × ΣP1Q1ΣP0Q1 × 100✓
- 4P01 = ΣP1Q0ΣP0Q0 × ΣP1Q1ΣP0Q1
Correct answer
P01 = √ΣP1Q0ΣP0Q0 × ΣP1Q1ΣP0Q1 × 100
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