Which of the following statements is correct? $\begin{array}{|l|l|}
\hline A&\text { The Paasche price index uses current period quantities as weights. }\
\hline B&\text { The Laspeyres price index uses current period quantities as weights.}\
\hline C&\text { The Paasche price index uses base period quantities as weight.}\
\hline D&\text { The Laspeyres price index uses base period prices as weights.}\
\hline
\end{array}$

Question

Which of the following statements is correct? $\begin{array}{|l|l|}
\hline A&\text { The Paasche price index uses current period quantities as weights. }\
\hline B&\text { The Laspeyres price index uses current period quantities as weights.}\
\hline C&\text { The Paasche price index uses base period quantities as weight.}\
\hline D&\text { The Laspeyres price index uses base period prices as weights.}\
\hline 
\end{array}$

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct? $\begin{array}{|l|l|}
\hline A&\text { The Paasche price index uses current period quantities as weights. }\
\hline B&\text { The Laspeyres price index uses current period quantities as weights.}\
\hline C&\text { The Paasche price index uses base period quantities as weight.}\
\hline D&\text { The Laspeyres price index uses base period prices as weights.}\
\hline 
\end{array}$

Which of the Following Statements Is Correct