Describe Laspeyres and Paasche index.

• A. Laspeyres uses base-period quantities; Paasche uses current-period quantities.
• B. Laspeyres uses current-period quantities; Paasche uses base-period quantities.
• C. Laspeyres uses base-period quantities; Paasche uses base-period quantities.
• D. Laspeyres uses current-period quantities; Paasche uses current-period quantities.

Answer: (A)