Construct consumer price Index number from the following data. – InterviewSolution

InterviewSolution

1.

Construct consumer price Index number from the following data.

Answer»

I₀₁ = \(\frac{Σpω}{Σω}\) = [100 × 1 + 120 X 3 + 130 × 4 + 110 × 2]/[1 + 3 + 4 + 2]

= \(\frac{1200}{10}\)

= 120.

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