627StatisticsMedium
The formula ∑poqn/∑poqo x100 is used to calculate________?
AThe Paasche quantity index
BThe Laspeyres price index
CThe Laspeyres quantity index
DThe Paasche price index
Correct answer
C. The Laspeyres quantity index
Explanation
The correct answer is The Laspeyres quantity index.