Suppose we have to prepare a price index number constituting three goods A, B and C. For the year 2008 and 2009. We are given the followinginformation:

Suppose we have to prepare a price index number constituting three goo

1.	Suppose we have to prepare a price index number constituting three goods A, B and C. For the year 2008 and 2009. We are given the followinginformation:
Answer» Solution : `L=sum(p_(1)q_(o))/(p_(o)q_(o)) xx100=(440)/(380)xx100=116 " approx".` `P=sum(p_(1)q_(1))/(p_(o)q_(1)) xx100=(490)/(370)xx100=132 " approx".` `F=sqrt("L P")=sqrt(116xx132)=124" approx". `