Calculate price index number of the year 1996 with 1986 as base year from the following data by using (i) Laspeyres (ii) Passches (iii) Fishers formula Commodity 1986 unit price A KG 10 B KG 12 C METER 15 D PACKETS 9 value quantity value 1500 160 1760 1080 100 1300 900 60 960 450 40 480
Calculate price index number of the year 1996 with 1986 as base year from the following data by using (i) Laspeyres (ii) Passches (iii) Fishers formula Commodity 1986 unit price A KG 10 B KG 12 C METER 15 D PACKETS 9 value quantity value 1500 160 1760 1080 100 1300 900 60 960 450 40 480
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Calculate price index number of the year 1996 with 1986 as base year from the following data by using (i) Laspeyres (ii) Passches (iii) Fishers formula
Commodity 1986
unit price
A KG 10
B KG 12
C METER 15
D PACKETS 9
value quantity value 1500 160 1760 1080 100 1300 900 60 960 450 40 480
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