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BS2, part 2 explores key concepts in price measurement and index calculation, including price relatives, aggregate price indexes, and time series components. This quiz assesses understanding of economic statistics, vital for...

Questions: 52 | Attempts: 467 | Last updated: Mar 21, 2025

Sample Question 1
The price relative is a price index that is determined by

(price in period t/base period price)(100)

(base period/price in period t)(100)

(price in period t + base period price)(100)

None of the above

Sample Question 2
A composite price index based on the prices of a group of items is known as the

Laspeyres index

Paasche Index

Aggregate price index

Consumer Price Index

Sample Question 3
A weighted aggregate price index where the weight for each item is its base period quantity is known as the

Paasche Index

Consumer Price Index

Produces Price Index

Laspeyres index

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