In the Laspeyres index in this chapter we used 2000 as the base year. Choose 2005 as the base…

In the Laspeyres index in this chapter we used 2000 as the base year. Choose 2005 as the base year instead and recalculate the Laspeyres series for 2000, 2005 and 2006. Comment on these values compared with the index base 2000.

 

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