Consider the following table: Year Quantity/Price Good 1 Good 2 Good 3 Total value 1990 Quantity 108 35 54 3417 Price 15 39 8 Quantity 101 59 79 à Pi 1995 5474 b. Compute the 2000 Laspeyres price index base 100 = 1990. c. Compute the 2005 Paasche quantity index base 100 = 1995. e. Compute the 1990 Fisher price index base 100 = 2000. 1 d. Compute the 2000 Paasche price index base 100 = 1990. f. Compute the 2000 chained Fisher price index base 100 = 1990. Price 15 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 1995 Laspeyres quantity index base 100 = 2000. 43 18 Quantity 116 58 74 2000 6742 Price 24 44 19 2005 Quantity 132 61 86 8948 Price 31 50 21
Consider the following table: Year Quantity/Price Good 1 Good 2 Good 3 Total value 1990 Quantity 108 35 54 3417 Price 15 39 8 Quantity 101 59 79 à Pi 1995 5474 b. Compute the 2000 Laspeyres price index base 100 = 1990. c. Compute the 2005 Paasche quantity index base 100 = 1995. e. Compute the 1990 Fisher price index base 100 = 2000. 1 d. Compute the 2000 Paasche price index base 100 = 1990. f. Compute the 2000 chained Fisher price index base 100 = 1990. Price 15 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 1995 Laspeyres quantity index base 100 = 2000. 43 18 Quantity 116 58 74 2000 6742 Price 24 44 19 2005 Quantity 132 61 86 8948 Price 31 50 21
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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