A weighted aggregate price index where the weight for each item is its base period quantity is known as the

Paasche Index

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Consumer Price Index

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Producer Price Index

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Laspeyres Index

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Solution

The correct option is D Laspeyres Index
A weighted aggregate price index where the weight for each item is its base period quantity is known as the Laspeyres Index.

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Similar questions

A composite price index based on the prices of a group of items is known as the

Laspeyres Index
Paasche Index
Aggregate price index
Consumer Price Index

A price index of two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, then the price index becomes 279. Similarly, if they are assigned weights of 50 each, then the price index turns out to be 265. Determine the individual price index number of items A and B.

A price index two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, the price index becomes 279. Similarly, if they are assigned weights of 50 each, the price index turns out to be 265. Determine the individual price index numbers of items A and B.

Q. Calculate price index for the following data by applying weighted average of price relative method.

Item	Price in 1991 (Rs)	Price in 1992 (Rs)	Quantity in 1991
wheat	2.00	2.50	40 kg
sugar	3.00	3.25	20 kg
Milk	1.50	1.75	10 litre

Q. Calculate the index number for the year

2014

, with

2010

as the base year by the weighted aggregate method from the following data :

Commodity	Price in rupees $(2010)$	Price in rupees $(2014)$	Weight
$A$	$2$	$4$	$8$
$B$	$5$	$6$	$10$
$C$	$4$	$5$	$14$
$D$	$2$	$2$	$19$

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A weighted aggregate price index where the weight for each item is its base period quantity is known as the

The correct option is D Laspeyres IndexA weighted aggregate price index where the weight for each item is its base period quantity is known as the Laspeyres Index.

The correct option is D Laspeyres Index
A weighted aggregate price index where the weight for each item is its base period quantity is known as the Laspeyres Index.