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By Economics Mcqs The Meaning and Measurement of Economic Development No Comments

The formula for the Laspeyres price index is (o is the base year and n is the given year) ?

A. P = ∑Poqo/∑poqo
B. P = ∑Poqo/∑pnqn
C. P = ∑Pnqo/∑poqo
D. P = ∑Poqn/∑poqo

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