NCERT · Class 11 · Economics · Index NumbersWhich formula uses current year quantities as weights?
Step-by-Step Solution
Paasche's index number uses current year quantities (q1) as weights.
Detailed Options Breakdown
Option : Laspeyres' index
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
Option 1: Paasche's index (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Simple average index
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
Option 3: Bowley's index
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
💡 Study Guide: This question tests core syllabus concepts from Index Numbers. For formulas, key summaries, and mock exam reference guides, read the full Index Numbers Revision Notes.