A price index for a given item which is computed by dividing a ...

[CBme]

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.

[al]

Answer to Question 1

D

Answer to Question 2

A

[CBme]

TYSM

[elyse44]

Thanks for the timely response, appreciate it