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 2018 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

2018
24

30
8

10
9

10
3

4
16

20
5

8
10

9
3

4


Discussion

No Comment Found