The Laspeyres index and the Paasche index are both examples of ____________ aggregate price indexes.
A)Irregular
B)Cyclical
C)Trend
D)Weighted

Question

Quizplus · Accepted Answer

The Laspeyres index and the Paasche index are both examples of weighted aggregate price indexes, as they take into account the importance or weight of each item in the index. The Laspeyres index uses fixed quantities from an earlier time period, while the Paasche index uses current quantities to calculate changes in prices.

The Laspeyres Index and the Paasche Index Are Both Examples