Kelly's Price Index formula is given by:

Type: MCQ • Marks: 1

A. √[Σ(P1*Q) * Σ(P0*Q)]

B. Σ(P1*P0) / Σ(Q1*Q0) * 100

C. Σ(P1*Q) / Σ(P0*Q) * 100

D. Σ(P1*Q0) / Σ(P0*Q1) * 100

Explanation

Kelly's Fixed Weight Index uses a fixed quantity vector Q (not necessarily base or current year): K = [Σ(P1*Q) / Σ(P0*Q)] * 100.

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