Multiple Choice
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?
A) According to the Laspeyres price index, prices have risen by 35% from 2007 to 2010.
B) According to the Laspeyres price index, prices have risen by 135% from 2007 to 2010.
C) According to the Laspeyres price index, prices have risen by 35% from 2010 to 2007.
D) None of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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