2554EconomicsMedium
The formula for the Laspeyres price index is (o is the base year and n is the given year)?
AP = ∑Poqn/∑poqo
BP = ∑Poqo/∑poqo
CP = ∑Poqo/∑pnqn
DP = ∑Pnqo/∑poqo
Correct answer
D. P = ∑Pnqo/∑poqo
Explanation
The correct answer is P = ∑Pnqo/∑poqo.