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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: 466 | 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

Regression Analysis Quizzes, Questions & Answers

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