Construct the chain indices from the following price relatives of four commodities using geometric mean as an average.       Price Relatives of Commodities   Year A B C D 1951 14.6 21.6 250.0 119.0 1952 12.7 13.8 159.0 128.0 1953 12.1 15.0 130.0 111.0 1954 121.6 241.6 216.0 165.0

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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  1. Construct the chain indices from the following price relatives of four commodities using geometric mean as an average.

 

 

 

Price Relatives of Commodities

 

Year

A

B

C

D

1951

14.6

21.6

250.0

119.0

1952

12.7

13.8

159.0

128.0

1953

12.1

15.0

130.0

111.0

1954

121.6

241.6

216.0

165.0

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