A market analyst has obtained the following prices (in Rands) and quantities (in kg) of three commodities - X, Y and Z- sold by a small business entity during 2018 and the current year. 2018 Commodity XXN Y Price (Rands per kg) 10 8 12 Quantity (kg) 100 150 80 Current year Price (Rands per kg) 15 13 18 Quantity (kg) 200 200 150
A market analyst has obtained the following prices (in Rands) and quantities (in kg) of three commodities - X, Y and Z- sold by a small business entity during 2018 and the current year. 2018 Commodity XXN Y Price (Rands per kg) 10 8 12 Quantity (kg) 100 150 80 Current year Price (Rands per kg) 15 13 18 Quantity (kg) 200 200 150
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Question
4.1 Using 2018 as the base year,calculate the Laspeyre's Quantity Index for the current year.
4.2 Using 2018 as the base year, calculate the Paasche's Price Index for the current year.
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