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State whether the following is True or False : ∑p1q1p0q1 is Laspeyre’s Price Index Number. - Mathematics and Statistics

MCQ
True or False

State whether the following is True or False :

`sum("p"_1"q"_1)/("p"_0"q"_1)` is Laspeyre’s Price Index Number.

Options

  • True

  • False

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Solution

`sum("p"_1"q"_1)/("p"_0"q"_1)` is Laspeyre’s Price Index Number False.

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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 5 Index Numbers
Miscellaneous Exercise 5 | Q 3.05 | Page 91
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