(Answered) Question in the laspeyres index in this chapter we used

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Question: 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. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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