Answered: SBIT Q5) The Price of a wheat are given…

SBIT Q5) The Price of a wheat are given below: Year 2000 2001 2002 2003 2004 2005 Price(Rs/100Kg) 200 230 250 310 360 430 Calculate. i. Price Relative taking 2000 as a base year. ii. Chain Indices.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Q5) The Price of a wheat are given below: SBIT
Year
2000
2001
2002
2003
2004
2005
Price(Rs/100Kg)
200
230
250
310
360
430
Calculate.
i.
Price Relative taking 2000 as a base year.
ii.
Chain Indices.

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