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
Chapter7: Inflation
Section: Chapter Questions
Problem 19SQ
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0d88c7e-85d2-4eda-a83b-ae2867c429fd%2F2c46aed2-fb59-4d0e-b710-34460b71e782%2Fij66uzc_processed.png&w=3840&q=75)
Transcribed Image Text: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.
Po](https://content.bartleby.com/qna-images/question/b0d88c7e-85d2-4eda-a83b-ae2867c429fd/4bc9a317-3803-40b5-8d88-9ebac0e2bc2c/3ob06v_thumbnail.png)
Transcribed Image Text: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.
Po
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