Mathematics · Index Numbers
Using usual notations, the cost of living index in terms of weights is calculated by the formula:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(Σ wj pj) + (Σ wj)
- 2Σ wj pjΣ wj✓
- 3(Σ wj pj) × (Σ wj)
- 4Σ wjΣ wj pj
Correct answer
Σ wj pjΣ wj
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