Multiple Choice
Suppose the base year for a Lespeyres index is 2001.The value of the index is 1.3 in 2004 and 1.6 in 2006.By how much did the cost of the bundle increase between 2004 and 2006?
A) 0.3%
B) 23%
C) 0.23%
D) 60%
Correct Answer:
Verified
Correct Answer:
Verified
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