Interpret a Laspeyres quanity index of 95.9410, with base year in 2012. A. If the prices are held constant at 2012, the number of units consumed have decreased, on average, by approximately 4.0590% B. If the prices are held constant at 2012, the prices have decreased, on average, by approximately 22.2161% C. If the prices are held constant at 2012, the number of units consumed have increased, on average, by approximately 77.8842% D. If the prices are held constant at 2012, the prices have increased, on average, by approximately 4.0966%
Interpret a Laspeyres quanity index of 95.9410, with base year in 2012. A. If the prices are held constant at 2012, the number of units consumed have decreased, on average, by approximately 4.0590% B. If the prices are held constant at 2012, the prices have decreased, on average, by approximately 22.2161% C. If the prices are held constant at 2012, the number of units consumed have increased, on average, by approximately 77.8842% D. If the prices are held constant at 2012, the prices have increased, on average, by approximately 4.0966%
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Interpret a Laspeyres quanity index of 95.9410, with base year in 2012.
A. If the prices are held constant at 2012, the number of units consumed have decreased, on average, by approximately 4.0590%
B. If the prices are held constant at 2012, the prices have decreased, on average, by approximately 22.2161%
C. If the prices are held constant at 2012, the number of units consumed have increased, on average, by approximately 77.8842%
D. If the prices are held constant at 2012, the prices have increased, on average, by approximately 4.0966%
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