A ___________ index is a weighted aggregate price index that uses the base period quantities as weights in all succeeding time periods.
A)Paasche
B)First-order autocorrelation
C)Laspeyres
D)Cyclical (seasonal)

Question

Quizplus · Accepted Answer

The Laspeyres index is a price index that uses the base period quantities as weights in all succeeding time periods. It is also known as a fixed-weight index or a base-weighted index. This type of index is commonly used in measuring inflation, as it provides a measure of the change in the cost of a fixed basket of goods and services over time.

A ___________ Index Is a Weighted Aggregate Price Index That