Multiple Choice
Which of the following is the correct interpretation of a Paasche price index of 75, where the base year is 2009 and the current year is 2011?
A) According to the Paasche price index, prices have decreased by 75% from 2009 to 2011.
B) According to the Paasche price index, prices have decreased by 25% from 2011 to 2009.
C) According to the Paasche price index, prices have decreased by 25% from 2009 to 2011.
D) None of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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