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Which consumption is used in the calculation of Laspeyre’s index number ?

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in Economics by (46.6k points)

Which consumption is used in the calculation of Laspeyre’s index number ?

(a) Consumption of base year
(b) Consumption of current year
(c) Consumption of average year
(d) Consumption of any year

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1 Answer

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by (45.6k points)

Correct option is (a) Consumption of base year

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