Routledge Dictionary of Economics, Second Edition
An index of output or prices which uses weights of the current year.
The Paasche price index is
where p1, are the prices of the current year, p0 are the prices of the base year and q1 are the weights of the current year. The Paasche output index is
where q1 are the quantities of the current year, q0 are the quantities of the base year and p1 are the prices of the current year and p0 are the prices of the base year.
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