A group of researchers carried out a survey of household expenditure for anaverage family and the data are shown in Table 3.Table 3Commodity20162017Quantity105PriceQuantity100PriceRice (kg)Bread (loaf)Cocoa powder (kg)Milk (liter)Sugar (kg)7.308.603.02163.101810.26257.83336.10566.55782.85112.9515(i)Compute the Average Price Relative (APR) index for 2016 and 2017,using 2016 as the base year.(ii)Calculate Paasche Price Index for 2017 (year 2016 = 100). Interpret theanswer.(iii) Calculate Laspeyres Price Index for 2017 (year 2016 = 100). Interpretthe answer.(iv)Calculate the Fisher's Price index.

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Description: A group of researchers carried out a survey of household expenditure for anaverage family and the data are shown in Table 3.Table 3Commodity20162017Quantity105PriceQuantity100PriceRice (kg)Bread (loaf)Cocoa powder (kg)Milk (liter)Sugar (kg)7.308.603

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A group of researchers carried out a survey of household expenditure for an average family and the data are shown in Table 3. Table 3 Commodity 2016 2017 Quantity 105 18 Price Quantity 100 Price Rice (kg) Bread (loaf) Сосоа рowder (kg) Milk (liter) Sugar (kg) 7.30 8.60 3.02 16 3.10 10.26 25 7.83 33 6.10 56 11 6.55 78 15 2.85 2.95 Compute the Average Price Relative (APR) index for 2016 and 2017, using 2016 as the base year. (i) (ii) Calculate Paasche Price Index for 2017 (year 2016 = 100). Interpret the answer. Calculate Laspeyres Price Index for 2017 (year 2016 = 100). Interpret the answer. (iii) (iv) Calculate the Fisher's Price index.

A group of researchers carried out a survey of household expenditure for an average family and the data are shown in Table 3. Table 3 Commodity 2016 2017 Quantity 105 18 Price Quantity 100 Price Rice (kg) Bread (loaf) Сосоа рowder (kg) Milk (liter) Sugar (kg) 7.30 8.60 3.02 16 3.10 10.26 25 7.83 33 6.10 56 11 6.55 78 15 2.85 2.95 Compute the Average Price Relative (APR) index for 2016 and 2017, using 2016 as the base year. (i) (ii) Calculate Paasche Price Index for 2017 (year 2016 = 100). Interpret the answer. Calculate Laspeyres Price Index for 2017 (year 2016 = 100). Interpret the answer. (iii) (iv) Calculate the Fisher's Price index.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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