alleryStart learning →Which Englishman developed perhaps the first true price index in 1707?
AJoseph Lowe
BWilliam Fleetwood
CEtienne Laspeyres
DRice Vaughan
Answer & Solution
Correct answer: B. William Fleetwood
Fleetwood averaged price relatives from historical data to value an old five pound fellowship cap.
Keep practising Index Numbers
Browse all Index Numbers questions for CA Foundation, or explore more Quantitative Aptitude topics.
Related questions
If the price index is 125 (base 100), what is a rupee's purchasing power relative to base?Over a year the CPI goes from 125 to 150. By what percent have prices risen?The CPI rises from 200 to 210 over a year. What is the inflation rate?A worker earns Rs 7,200 when the CPI is 120 (base 100). What is the real wage?Year-on-year price ratios are 1.10 and then 1.20. What is the chained index, base 100?Weights 40 and 60 apply to price relatives 110 and 130. Weighted index?Price relatives 120 and 150 carry weights 3 and 2. What is the weighted average relative?Prices of two goods became 2 times and 8 times their base values. What is the Jevons price