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Question
State whether the following statement is True or False:
`[sqrt((sum"p"_1"q"_1)/(sum"p"_0"q"_1)) + (sumsqrt("q"_0"q"_1))/(sum("p"_0 + "p"_1))] xx 100` is Fisher’s Price Index Number.
Options
True
False
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Solution
False
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| L | 4 | 16 | 3 | 19 |
| M | 6 | 16 | 8 | 14 |
| N | 8 | 28 | 7 | 32 |
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| Commodity | Base year | Current year | ||
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| Commodity | Base Year | Current Year | ||
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| A | 8 | 20 | 11 | 15 |
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