Mathematics · Index Numbers
If price-quantity values for the base year (0) and current year (1) are ∑p0q0 = 260, ∑p1q0 = 395, ∑p0q1 = 264, and ∑p1q1 = 422, then the Marshall-Edgeworth price index is equal to:
- 1175.92
- 2165.92
- 3155.92✓
- 4145.92
Correct answer
155.92
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