1.

Given the following data and taking 2004 as the base year, construct index of prices using:(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method. Year Commodities A B C D Price Quantity Price Quantity Price Quantity Price Quantity 2004 2017 24 30 8 10 9 10 3 4 16 20 5 8 10 9 3 4

Answer» Given the following data and taking 2004 as the base year, construct index of prices using:

(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.


































Year Commodities
A B C D
Price Quantity Price Quantity Price Quantity Price Quantity
2004



2017
24



30
8



10
9



10
3



4
16



20
5



8
10



9
3



4


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