f Fisher’s index = 150 and Paasche’s Index = 144, then Laspeyre’s index is ____(a) 147(b) 156.25(c) 104.17(d) 138
Question
f Fisher’s index = 150 and Paasche’s Index = 144, then Laspeyre’s index is ____(a) 147(b) 156.25(c) 104.17(d) 138
Solution
The question does not provide enough information to calculate Laspeyre's index. Laspeyre's index, Fisher's index, and Paasche's index are all methods of calculating price indices, but they use different formulas and cannot be directly derived from each other without additional information. Therefore, without more information, we cannot determine whether the correct answer is (a) 147, (b) 156.25, (c) 104.17, or (d) 138.
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