P

An index of output or prices which uses

weights of the current year. The Paasche

price index is

P p i q iP

p0q1

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

P piqiP p1q0

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.