Mathematics · Index Numbers
Given that ∑p0q0 = 700, ∑p0q1 = 1450, ∑p1q0 = 855, and ∑p1q1 = 1300, where subscripts 0 and 1 represent the base year and current year respectively. Calculate the Laspeyre's Price Index number.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1122.14✓
- 2120.23
- 3119.35
- 4118.46
Correct answer
122.14
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