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Author Question: A price index for a given item which is computed by dividing a current unit price by a base-period ... (Read 207 times)

CBme

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on: Jun 24, 2018
A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100 is known as the
 a. Producer price index
  b. Consumer price index
  c. Paasche index
  d. Price relative

Question 2

Consumer Price Index is
 a. a weighted aggregate price index where the weight for each item is its current-period quantity.
  b. a weighted aggregate price index where the weight for each item is its last-period quantity.
  c. an index that is designed to measure changes in quantities over time.
  d. an index that is designed to measure changes in production levels over time.


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al

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

A


CBme

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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