2. Given the following data Good 2000 Price(£) Quantity Price(£) Quantity Price(£) Quantity 2001 2002 A 0.32 50 0.2 48 0.18 48 В 0.26 200 0.16 210 0.2 215 C 3.2 30 5.85 27 8.3 23 Use the Laspeyres Index (LI) to deflate the following revenue time series. 2000 2001 2002 Revenue (£) 11000 | 14000 22000 3. Given the following data Good 2000 Price(£) Quantity Price(£) Quantity Price(£) Quantity 2001 2002 A 0.32 50 0.2 48 0.18 48 B 0.26 200 0.16 210 0.2 215 C 3.2 30 5.85 27 8.3 23 Use the Paasche Index (PI) to deflate the following revenue time series. 2000 2001 2002 Revenue (£) 11000 14000 22000

2. Given the following data Good 2000 Price(£) Quantity Price(£) Quantity Price(£) Quantity 2001 2002 A 0.32 50 0.2 48 0.18 48 В 0.26 200 0.16 210 0.2 215 C 3.2 30 5.85 27 8.3 23 Use the Laspeyres Index (LI) to deflate the following revenue time series. 2000 2001 2002 Revenue (£) 11000 | 14000 22000 3. Given the following data Good 2000 Price(£) Quantity Price(£) Quantity Price(£) Quantity 2001 2002 A 0.32 50 0.2 48 0.18 48 B 0.26 200 0.16 210 0.2 215 C 3.2 30 5.85 27 8.3 23 Use the Paasche Index (PI) to deflate the following revenue time series. 2000 2001 2002 Revenue (£) 11000 14000 22000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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