Question

7. When the base year values are used as weights, the weighted average of relatives price index is the same as​

Answer 1

Answer:

laspeyre's index

Step-by-step explanation:

Answer 2

The answer to the question is: Laspeyre's method

• The Laspeyres index is calculated by taking the current price of a group of goods, dividing it by the base price of the same group of commodities, and multiplying by 100.
• As a result, the base period index number is always 100.
• Higher-priced periods have index numbers larger than 100.
• This index is useful and simple to understand.
• The Laspeyres Price Index is a price index that is used to assess inflation and to measure the general price level and cost of living in the economy.

SPJ3