Paasche index = Σ(p₁q₁)/Σ(p₀q₁) × 100, using current period quantities (q₁) as weights, which may understate inflation due to substitution effects but reflects current consumption patterns.
Explanation:
CDR is heavily influenced by age structure; comparing a young population (low CDR) with an old one (high CDR) can misrepresent true mortality differences, necessitating age-standardized rates.
No comments yet. Be the first to start the discussion!