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Question
Choose the correct alternative:
While computing a weighted index, the current period quantities are used in the:
Options
Laspeyre’s method
Paasche’s method
Marshall Edgeworth method
Fisher’s ideal method
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Solution
Paasche’s method
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| Commodity | Price | Quantity | ||
| 2000 | 2010 | 2000 | 2010 | |
| A | 12 | 14 | 18 | 16 |
| B | 15 | 16 | 20 | 15 |
| C | 14 | 15 | 24 | 20 |
| D | 12 | 12 | 29 | 23 |
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Index number measures changes in the price level only.
