The distinctive feature of the ______ index is that it uses a group of commodities purchased in the base period as the basis for comparison
A)paasche's
B)laspeyres
C)fisher's
D)dorbish-bowley

Question

Quizplus · Accepted Answer

The Laspeyres index uses a fixed basket of goods and services, determined in the base period, to compare prices over time, making it distinctive for using the same group of commodities purchased in the base period as the basis for comparison.

The Distinctive Feature of the ______ Index Is That It