Calculate a Laspeyres quantity index, a Paasche quantity index, a Laspeyres price index, and a Paasch price index using the following data. For each index, first calculate the spending holding either prices and quantities fixed. Then create an index that equals 100 in 2022. Peanut Butter Quantity Price Jelly Quantity Price Laspeyres Quantity Spending Laspeyres Quantity Index Paasche Quantity Spending Paasche Quantity Index Laspeyres Price Spending Laspeyres Price Index Paasche Price Spending Paasche Price Index 2022 18 20 6 20 2023 40 38 18 18

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Calculate a Laspeyres quantity index, a Paasche quantity index, a Laspeyres price index, and a
Paasch price index using the following data. For each index, first calculate the spending holding
either prices and quantities fixed. Then create an index that equals 100 in 2022.
Peanut Butter
Quantity
Price
Jelly
Quantity
Price
Laspeyres Quantity Spending
Laspeyres Quantity Index
Paasche Quantity Spending
Paasche Quantity Index
Laspeyres Price Spending
Laspeyres Price Index
Paasche Price Spending
Paasche Price Index
2022
18
20
6
20
2023
40
38
18
18
Transcribed Image Text:Calculate a Laspeyres quantity index, a Paasche quantity index, a Laspeyres price index, and a Paasch price index using the following data. For each index, first calculate the spending holding either prices and quantities fixed. Then create an index that equals 100 in 2022. Peanut Butter Quantity Price Jelly Quantity Price Laspeyres Quantity Spending Laspeyres Quantity Index Paasche Quantity Spending Paasche Quantity Index Laspeyres Price Spending Laspeyres Price Index Paasche Price Spending Paasche Price Index 2022 18 20 6 20 2023 40 38 18 18
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