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Data for Fuel Oil and Gasoline Purchased at Wholesale Prices

Question 3

Multiple Choice

Data for fuel oil and gasoline purchased at wholesale prices for 2006 and 2010 are shown next. Data for fuel oil and gasoline purchased at wholesale prices for 2006 and 2010 are shown next. What is your interpretation of the Laspeyres price index? A) Value rose 16.67%. B) Value rose 35.56%. C) Value rose 16.71%. D) Value rose 16.45%. What is your interpretation of the Laspeyres price index?


A) Value rose 16.67%.
B) Value rose 35.56%.
C) Value rose 16.71%.
D) Value rose 16.45%.

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