Mathematics · Index Numbers
If p0 and p1 denote the prices for the base and current periods, and q0 and q1 denote the quantities for the base and current periods respectively, then Paasche's price index number is given by:
- 1Σp1q1Σp0q1 × 100✓
- 2√Σp1q1Σp0q1 × 100
- 3Σp1q0Σp0q0 × 100
- 4Σp1q1Σp0q0 × 100
Correct answer
Σp1q1Σp0q1 × 100
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