Economics · Index Numbers
Fisher's ideal method of calculating the index number is mathematically based on the:
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- 1Simple median value of current year quantities
- 2Harmonic mean of Laspeyres' and Paasche's index numbers
- 3Arithmetic mean of Laspeyres' and Paasche's index numbers
- 4Geometric mean of Laspeyres' and Paasche's index numbers✓
Correct answer
Geometric mean of Laspeyres' and Paasche's index numbers
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