Economy, asked by athiyaattuathiya, 2 months ago

laspeyres index is based on

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Answered by mannboss83

1

Answer:

The Laspeyres Index is calculated by working out the cost of a group of commodities at current prices, dividing this by the cost of the same group of commodities at base period prices, and then multiplying by 100. This means that the base period index number is always 100.

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