The Paasche index is a weighted aggregate price index where the weight for each item is its
a. current-period price.
b. current-period quantity.
c. base-period price.
d. base-period quantity.
Question 2
The addition law is potentially helpful when we are interested in computing the probability of _____.
a. independent events
b. the intersection of two events
c. the union of two events
d. conditional events