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    Exam 18: Index Numbers
  5. Question
    A Simple Aggregate Price Index Is the Ratio of the Sum
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A Simple Aggregate Price Index Is the Ratio of the Sum

Question 3

Question 3

True/False

A simple aggregate price index is the ratio of the sum of the prices of the n commodities in the current period to the sum in some base period, multiplied by 100.

Correct Answer:

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