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Economics
The formula to calculate Passche price index is (o is the base year and n is the given year) ?
P = ΣPnqn/Σpoqn
Correct answer
B
P = ΣPoqo/Σpnqn
Option B
C
P = ΣPnqo/Σpoqo
Option C
D
P = ΣPnqn/Σpoqo
Option D
Correct answer: A
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