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Question
Laspeyre’s Price Index Number is given by ______.
Options
`(sump_0q_0)/(sump_1q_0) xx 100`
`(sump_0q_1)/(sump_1q_1) xx 100`
`(sump_1q_0)/(sump_0q_0) xx 100`
`(sump_1q_1)/(sump_0q_1) xx 100`
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Solution
Laspeyre’s Price Index Number is given by `bb(underline((sump_1q_0)/(sump_0q_0) xx 100))`.
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