INFORMATION The data in the table below represents the trade between South Africa and four major trading partners in their respective currencies during the twelve months of 2010 and 2020. 2020 Major Currency 2010 Exchange Rate, R Trade volume, (in Billions of foreign Exchange Rate, R Trade volume, (in Billions of foreign currency) US Dollar (US$) 7.30 7.2 16.47 currency) 14.5 Euro (EUR) 9.70 39 18.67 34 Japanese Yen (JPY) 0.08 6.5 0.15 8.4 R Chinese Yuan (CNY) 1.08 186.5 2.39 245.5 20 Bau elor of ques in b QUESTION 20 Using 2020 as the base year, calculate the Laspeyres Price Index for 2020. A. 100.38% B. 230.97% C. 125.97% D. 204.40% (4 marks) QUESTION 21 (4 marks) Using 2020 as the base year, calculate the Paasches Quantity Index for 2020. A. 113.00% B. 125.97% C. 208.36% D. 90.21% QUESTION 22 (4 marks) Using 2020 as the base year, calculate the Laspeyres Quantity Index for 2020. A. 208.36% B. 110.85% C. 204.40% D. 184.39%
INFORMATION The data in the table below represents the trade between South Africa and four major trading partners in their respective currencies during the twelve months of 2010 and 2020. 2020 Major Currency 2010 Exchange Rate, R Trade volume, (in Billions of foreign Exchange Rate, R Trade volume, (in Billions of foreign currency) US Dollar (US$) 7.30 7.2 16.47 currency) 14.5 Euro (EUR) 9.70 39 18.67 34 Japanese Yen (JPY) 0.08 6.5 0.15 8.4 R Chinese Yuan (CNY) 1.08 186.5 2.39 245.5 20 Bau elor of ques in b QUESTION 20 Using 2020 as the base year, calculate the Laspeyres Price Index for 2020. A. 100.38% B. 230.97% C. 125.97% D. 204.40% (4 marks) QUESTION 21 (4 marks) Using 2020 as the base year, calculate the Paasches Quantity Index for 2020. A. 113.00% B. 125.97% C. 208.36% D. 90.21% QUESTION 22 (4 marks) Using 2020 as the base year, calculate the Laspeyres Quantity Index for 2020. A. 208.36% B. 110.85% C. 204.40% D. 184.39%
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
Question
![INFORMATION
The data in the table below represents the trade between South Africa and four major trading partners in their respective
currencies during the twelve months of 2010 and 2020.
2020
Major Currency
2010
Exchange Rate, R
Trade volume,
(in Billions of foreign
Exchange Rate, R
Trade volume,
(in Billions of foreign
currency)
US Dollar (US$)
7.30
7.2
16.47
currency)
14.5
Euro (EUR)
9.70
39
18.67
34
Japanese Yen (JPY)
0.08
6.5
0.15
8.4
R
Chinese Yuan (CNY)
1.08
186.5
2.39
245.5
20
Bau
elor of
ques in b
QUESTION 20
Using 2020 as the base year, calculate the Laspeyres Price Index for 2020.
A. 100.38%
B. 230.97%
C. 125.97%
D. 204.40%
(4 marks)
QUESTION 21
(4 marks)
Using 2020 as the base year, calculate the Paasches Quantity Index for 2020.
A. 113.00%
B. 125.97%
C. 208.36%
D. 90.21%
QUESTION 22
(4 marks)
Using 2020 as the base year, calculate the Laspeyres Quantity Index for 2020.
A. 208.36%
B. 110.85%
C. 204.40%
D. 184.39%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ee3171d-3125-4029-adb5-9ab3ff62d820%2Fa4ecd047-129c-4aae-bc6f-5acc6c5418d5%2Fgel5hq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:INFORMATION
The data in the table below represents the trade between South Africa and four major trading partners in their respective
currencies during the twelve months of 2010 and 2020.
2020
Major Currency
2010
Exchange Rate, R
Trade volume,
(in Billions of foreign
Exchange Rate, R
Trade volume,
(in Billions of foreign
currency)
US Dollar (US$)
7.30
7.2
16.47
currency)
14.5
Euro (EUR)
9.70
39
18.67
34
Japanese Yen (JPY)
0.08
6.5
0.15
8.4
R
Chinese Yuan (CNY)
1.08
186.5
2.39
245.5
20
Bau
elor of
ques in b
QUESTION 20
Using 2020 as the base year, calculate the Laspeyres Price Index for 2020.
A. 100.38%
B. 230.97%
C. 125.97%
D. 204.40%
(4 marks)
QUESTION 21
(4 marks)
Using 2020 as the base year, calculate the Paasches Quantity Index for 2020.
A. 113.00%
B. 125.97%
C. 208.36%
D. 90.21%
QUESTION 22
(4 marks)
Using 2020 as the base year, calculate the Laspeyres Quantity Index for 2020.
A. 208.36%
B. 110.85%
C. 204.40%
D. 184.39%
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