Author Question: A price index for a given item which is computed by dividing a current unit price by a base-period ... (Read 208 times)

CBme · **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.