Example 20.3 Construct weighted relative price indices, using the data given in Table 20.4.

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Example 20.3 Construct weighted relative price indices, using the data given in Table 20.4.
Transcribed Image Text:Example 20.3 Construct weighted relative price indices, using the data given in Table 20.4.
Table 20.4
Price and Quantity Data for Some Products
Соmmodity
Base Year Values (Rs)
Current Year Price (Rs)
Current Year Quantity
Rs 10 per loaf
Rs 15 per litre
Rs 100 per kg
Bread
300
500
Milk
500
600
Butter
240
4
Transcribed Image Text:Table 20.4 Price and Quantity Data for Some Products Соmmodity Base Year Values (Rs) Current Year Price (Rs) Current Year Quantity Rs 10 per loaf Rs 15 per litre Rs 100 per kg Bread 300 500 Milk 500 600 Butter 240 4
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