Paasche index was developed by ______economist Hermann Paasche for measuring current price or quantity levels relative to those of a selected base period

Related MCQs

• A weighted aggregate price index where the weight for each item is its base period quantity is known as the
• A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the
• The price relative is a price index that is determined by
• The index number for the price of a good in 2002 was 142 and in 2003, it was 148.5, on a base year of 1994. What is the percent increase in price of gasoline from 2002 to 2003
• The Laspeyres and Paasche index are examples of:
• In computing Index Numbers, ___________ is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base
• A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the
• A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the
• The distinctive feature of the ______ index is that it uses a group of commodities purchased in the base period as the basis for comparison
• The ratio of a new price to the base year price is called the: