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Economics
The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
A
P = ∑Poqo/∑poqo
Option A
B
P = ∑Poqo/∑pnqn
Option B
P = ∑Pnqo/∑poqo
Correct answer
D
P = ∑Poqn/∑poqo
Option D
Correct answer: C
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