INFORMATIONThe data in the table below represents the trade between South Africa and four major trading partners in their respectivecurrencies during the twelve months of 2010 and 2020.2020Major Currency2010Exchange Rate, RTrade volume,(in Billions of foreignExchange Rate, RTrade volume,(in Billions of foreigncurrency)US Dollar (US$)7.307.216.47currency)14.5Euro (EUR)9.703918.6734Japanese Yen (JPY)0.086.50.158.4RChinese Yuan (CNY)1.08186.52.39245.520Bauelor ofques in bQUESTION 20Using 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%

Interpretation:LPPI (125.97%): Using the same basket of commodities, the cost of South Africa's…

Answered: INFORMATION The data in the table below…

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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The average prices and quantities of six items grown in Nakuru County are shown in the following table: 2018 2020 Items Price (Kshs/Kg) Quantity (Kg,000) Price (Kshs/Kg) Quantity (Kg,000) Pineapples( A) 10 4 12 5 Oranges(B) 15 6 18 10 Bananas(C) 10 6 10 10 Beans(D) 20 10 22 20 Wheat(E) 30 12 40 18 Millet(F) 40 10 50 12 Using 2018 as base year, compute Laspeyre’s, Paasche’s, Kelly’s and Fishers Price index numbers for 2020. Comment on the results. Demonstrate that the computed Fisher’s ideal price index number and Kelly’s price index both are preferred to Laspeyre’s, and Paasche’s based on time reversal test. Demonstrate that the computed Fisher’s method is preferred to Laspeyre’s, and Paasche’s based on factor reversal test.
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Example 5 The highlights of the Railway budget for 1983-84 are as follows. The actual gross traffic receipts for 1981-82 was Rs. 3,538.24 crores. The Budget Estimates for 1982-83 in regard to Gross traffic receipts was Rs. 4,171.8 crores and the revised Budget Estimate for 1982-83 for the above item is Rs. 4,375.79 crores respectively. Whereas the budget estimates for 1983-84 for Gross traffic receipts is Rs. 5,343.63 crores, the actual total working expenses and the net railway revenue for 1981-82 were Rs. 3,182.05 crores and Rs. 403.1 crores respectively. The Budget Estimates and Revised Budget Estimates for 1982-83 in respect of total working expenses are Rs. 3,700.90 crores and Rs. 3,892.28 crores respectively. Whereas the corresponding estimates for 1982-83 in respect of net-railway revenue are Rs. 510.91 crores and Rs. 533.4 crores respectively, the estimated budget on total working expenses and net railway revenue for 1983-84 exceed the actuals for 1981-82 by Rs. 1,338.72 crores…
Estimated statistics for the United States and Germany in 2018 United States Crude Mortality rate= 900 per 100,000 Crude birth rates = 10.4 per 1,000 Life expectancy = 80.0 years Germany Crude Mortality rate= 700 per 100,000 Crude birth rates = 15.4 per 1,000 Life expectancy = 65.0 years A. Can the lower crude mortality rate in Germany be explained by the fact that the United States has a larger population? B. What factors could explain differences in birth rates and life expectancy?
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53. Many countries, especially those in Europe, have significant gold holdings. But, many of these countries also have massive debts. The following data show the total value of gold holdings in billions of U.S. dollars and the debt as a percentage of the gross domestic prod- uct for nine countries (WordPress and Trading Economics websites, February 24, 2012). Gold Value Debt Country ($ billions) (% of GDP) China 63 17.7 DATA file France 146 81.7 Germany Indonesia Italy Netherlands 203 83.2 GoldHoldings 33 69.2 147 119.0 36 63.7 Russia 50 9.9 Switzerland 62 55.0 United States 487 93.2 Using the entire data set, develop the estimated regression equation that can be used to predict the debt of a country given the total value of its gold holdings. d. Use residual analysis to determine whether any outliers or influential observations are C. present. Suppose that after looking at the scatter diagram in part (a) that you were able to visually identify what appears to be an influential…
The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price Quantity Price Quantity Washer $ 0.07 17,000 $ 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the simple price indexes. (Round your answers to 2 decimal places.) b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) d. Determine the Paasche price index. (Round your answer to 2 decimal places.) e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
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