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Question
State whether the following statement is true or false:
Dorbish-Bowley's Price Index Number is the square root of the product of Laspeyre's and Paasche's Index Numbers.
Options
True
False
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Solution
This statement is False.
Explanation:
P01 (F) = `sqrt(P_(01) (L) xx P_(01) (P))`
Fisher's Ideal Price. The index Number is the square root of the product of Lospeyre's Price. Index number and Paasche's Price Index Number.
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