YearQuantity/PriceGood 1Good 2Good 3Total valueQuantity108351990543417Price15398Quantity101597919955474b. 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.d. Compute the 2000 Paasche price index base 100 = 1990.Pricef. Compute the 2000 chained Fisher price index base 100 = 1990.1543Answer the following questions. Round your answers to the nearest first decimal.a. Compute the 1995 Laspeyres quantity index base 100 = 2000.18Quantity116587420006742Price Quantity244419132200561868948Price315021

Laspeyres considered the weight to be base year. And Paasche considered the base to be current…

Year Quantity/Price Good 1 Good 2 Good 3 Total value Quantity 108 35 1990 54 3417 Price 15 39 8 1995 Quantity 101 59 79 5474 b. Compute the 2000 Laspeyres price index base 100 = 1990. Price c. Compute the 2005 Paasche quantity index base 100 = 1995. 15 43 18 Quantity 116 58 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 1995 Laspeyres quantity index base 100 = 2000. 74 2000 6742 Price 24 44 19 Quantity Price 31 132 2005 61 86 8948 50 21

Year Quantity/Price Good 1 Good 2 Good 3 Total value Quantity 108 35 1990 54 3417 Price 15 39 8 1995 Quantity 101 59 79 5474 b. Compute the 2000 Laspeyres price index base 100 = 1990. Price c. Compute the 2005 Paasche quantity index base 100 = 1995. 15 43 18 Quantity 116 58 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 1995 Laspeyres quantity index base 100 = 2000. 74 2000 6742 Price 24 44 19 Quantity Price 31 132 2005 61 86 8948 50 21

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Year
Quantity/Price
Good 1
Good 2
Good 3
Total value
Quantity
108
35
1990
54
3417
Price
15
39
8
Quantity
101
59
79
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.
d. Compute the 2000 Paasche price index base 100 = 1990.
Price
f. Compute the 2000 chained Fisher price index base 100 = 1990.
15
43
Answer the following questions. Round your answers to the nearest first decimal.
a. Compute the 1995 Laspeyres quantity index base 100 = 2000.
18
Quantity
116
58
74
2000
6742
Price Quantity
24
44
19
132
2005
61
86
8948
Price
31
50
21

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d. Compute the 2000 Paasche price index base 100 = 1990.
e. Compute the 1990 Fisher price index base 100 = 2000.
f. Compute the 2000 chained Fisher price index base 100 = 1990.
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