30. From the information given below find Laspeyres' and Paasche's price index number for year 11 with year 1 as base:1Commodity(in kg.)CommodityPrice/Unit (iYear 12Total Value(in $3Year 114Year 1Year 11A24.0912184.56В20.6610122.04718.61616295.56D9.45102518989101112131415161718

Given: Commodity Price 1 Price 11 A 24.09 12 B 20.66 10 C 18.6 16 D 9.45 10

30. From the information given below find Laspeyres' and Paasche's price index number for year 11 with year 1 as base: Commodity (in kg.) Commodity Price/Unit (i Year 1 Total Value (in $ Year 11 Year 1 Year 11 A 24.09 12 184.5 20.66 10 8 122.04 18.6 16 16 295.56 9.45 10 25 189

30. From the information given below find Laspeyres' and Paasche's price index number for year 11 with year 1 as base: Commodity (in kg.) Commodity Price/Unit (i Year 1 Total Value (in $ Year 11 Year 1 Year 11 A 24.09 12 184.5 20.66 10 8 122.04 18.6 16 16 295.56 9.45 10 25 189

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

30. From the information given below find Laspeyres' and Paasche's price index number for year 11 with year 1 as base:
1
Commodity
(in kg.)
Commodity
Price/Unit (i
Year 1
2
Total Value
(in $
3
Year 11
4
Year 1
Year 11
A
24.09
12
184.5
6
В
20.66
10
122.04
7
18.6
16
16
295.56
D
9.45
10
25
189
8
9
10
11
12
13
14
15
16
17
18

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