Which of the Following Is the Correct Interpretation of a Laspeyres

Short Answer

Which of the following is the correct interpretation of a Laspeyres price index of 135, where the base year is 2007 and the current year is 2010? $\begin{array}{|l|l|}\hline A&\text { According to the Laspeyres price index, prices have risen by \( 35 \% \) from 2007 to 2010 .}\\\hline B&\text {According to the Laspeyres price index, prices have risen by \( 135 \% \) from 2007 to 2010 . }\\\hline C&\text { According to the Laspeyres price index, prices have risen by \( 35 \% \) from 2010 to 2007 . }\\\hline D&\text {None of these choices are correct. }\\\hline \end{array}$