Question

If Wesonga earned a salary of UGX 10,000,000 in 2015 and his salary was UGX 13,000,000 in 2020, was he better or worse off in real terms in 2015 using Laspeyre’s index?

Answer 1

Answer:

Mark me as a Brainliest pls

Explanation:

I think He was better because his salary had been increased to UGX 13,000,000 in 5 years

Laspeyres Index Formula =

∑ ( Observation Price * Base Qty) / ∑ ( Base Price * Base Qty)