P_01 = (1/2) [ (∑ P_1 q_0) / (∑ P_0 q_0) + (∑ P_1 q_1) / (∑ P_0 q_1) ] × 100 is the formula of index…
The index number formula \(P_{01}^{DB} = \frac{1}{2}\left[\frac{\sum P_1 q_0}{\sum P_0 q_0} + \frac{\sum P_1 q_1}{\sum P_0 q_1}\right] \times 100\) (the arithmetic mean of…
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P_01 = (1/2) [ (∑ P_1 q_0) / (∑ P_0 q_0) + (∑ P_1 q_1) / (∑ P_0 q_1) ] × 100 is the formula of index nos of
Answer and explanation
Correct answer B
The index number formula (the arithmetic mean of Laspeyres and Paasche price indices) was given by Dorbish and Bowley.
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Rajasthan SET (RSET)