Essay
Consider the following information regarding the price and quantity of three brands of a good sold in 1999 and 2010. 
a.Compute the weighted aggregate price index using the Laspeyres method with 1999 as the base year.
b.Compute the weighted aggregate price index using the Paasche method with 1999 as the base year.
c.Interpret the result.
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Let pit and qit represent the price and quan...View Answer
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Correct Answer:
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