Value rose 1667 Value rose 3556 Value rose 1671 Value rose 1

	Value rose 16.67%.
	Value rose 35.56%.
	Value rose 16.71%.
	Value rose 16.45

Data for fuel oil and gasoline purchased at wholesale prices for 2006 and 2010 are shown next. What is your interpretation of the Laspeyres price index? Value rose 16.67%. Value rose 35.56%. Value rose 16.71%. Value rose 16.45

Solution

A Laspeyres Index is known as a