following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY (“do it yourself”) store for the years 2020 and 2021. Table below Q.8.1 Using 2020 as the base year, compute the price relatives in 2021 for mineral spirits and the 10mm spanner. Interpret your answers. Q.8.2 Again, using 2020 as the base year, compute the Paasche price
following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY (“do it yourself”) store for the years 2020 and 2021. Table below Q.8.1 Using 2020 as the base year, compute the price relatives in 2021 for mineral spirits and the 10mm spanner. Interpret your answers. Q.8.2 Again, using 2020 as the base year, compute the Paasche price
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY (“do it yourself”) store for the years 2020 and 2021.
Table below
Q.8.1 Using 2020 as the base year, compute the price relatives in 2021 for mineral spirits and the 10mm spanner. Interpret your answers.
Q.8.2 Again, using 2020 as the base year, compute the Paasche price index for all of the items for 2021. Interpret your answer.
Transcribed Image Text:2020
2021
Item
Unit Price (po)
Quantity (qo)
Unit Price (p1)
Quantity (q.)
Mineral spirits
R17.70
30
R20.70
45
10mm spanner
R37.00
60
R49.00
50
25mm brush
R42.00
30
R48.00
40
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