The Laspeyres quantity index uses which price weights? MCQ with Answer and Explanation

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The Laspeyres quantity index uses which price weights?

A. Average prices

B. Current period prices

C. Geometric mean prices

D. Base period prices

Answer: Option D

Solution (By JKExamLibrary)

Laspeyres quantity index = Σ(q₁p₀)/Σ(q₀p₀) × 100, using base period prices (p₀) as weights to measure quantity changes holding prices constant at base levels.

This question belongs to: Accountancy and Statistics Statistics

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Which of the following is a use of index numbers?

A. Measuring area

B. Measuring literacy

C. Measuring inflation

D. Measuring population growth

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Correct Answer: Option C

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If P(A)=0.3, P(B)=0.5, and P(A∩B)=0.15, then A and B are:

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Correct Answer: Option B

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Correct Answer: Option D

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