1186EconomicsMedium
The formula to calculate Passche price index is (o is the base year and n is the given year)?
AP = ΣPnqn/Σpoqo
BP = ΣPnqn/Σpoqn
CP = ΣPoqo/Σpnqn
DP = ΣPnqo/Σpoqo
Correct answer
B. P = ΣPnqn/Σpoqn
Explanation
The correct answer is P = ΣPnqn/Σpoqn.