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» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/ECO_XI_A_U03_C12_S01_001_S01.png" width="80%"/> <br/> `L=sum(p_(1)q_(o))/(p_(o)q_(o)) xx100=(440)/(<a href="https://interviewquestions.tuteehub.com/tag/380-310180" style="font-weight:bold;" target="_blank" title="Click to know more about 380">380</a>)xx100=116 " approx".` <br/> `P=sum(p_(1)q_(1))/(p_(o)q_(1)) xx100=(490)/(<a href="https://interviewquestions.tuteehub.com/tag/370-1860129" style="font-weight:bold;" target="_blank" title="Click to know more about 370">370</a>)xx100=132 " approx".` <br/> `F=sqrt("L P")=sqrt(116xx132)=<a href="https://interviewquestions.tuteehub.com/tag/124-271143" style="font-weight:bold;" target="_blank" title="Click to know more about 124">124</a>" approx". `</body></html>