Suppose a price index is formed to measure changes in the price level between 1999 to 2005.A price index based on changes in the cost of the basket of goods purchased by the typical consumer in 2005 is called a
A) relative price index.
B) consumer price index.
C) Laspeyres price index.
D) Paasche price index.

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The Answer of Suppose a price index is formed to measure changes in the price level between 1999 to 2005.A price index based on changes in the cost of the basket of goods purchased by the typical consumer in 2005 is called a
A) relative price index.
B) consumer price index.
C) Laspeyres price index.
D) Paasche price index.

Suppose a Price Index Is Formed to Measure Changes in the Price