The following data relate to the prices and quantities of 4 commodities in the years2012 and 2013. Construct the following index numbers of price for the year 2013 by using 2012 as theBase year, .(i) Laspeyre's Index, (ii) Paasche's Index, (iii) Fisher's Ideal Index,20122013CommodityPriceQuantityPriceQuantityA1006.150B4805100C2.560572D12.03033

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Answered: The following data relate to the prices…

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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Which of the following belongs to lagging indicators A. Manufacturers' new orders B. Stock prices, 500 common stocks C. Average duration of unemployment D. Industrial production
Calculate Fisher's price index from the following data and check whether time Reverse Test is satisfied: Base year (1990) Current year (1995) Commodity Price Quantity Price Quantity A 32 50 30 50 B 30 35 25 40 C 16 55 18 50
3. The following data shows prices of three types of fruits over ten years. Year Mango Orange Blackberry 50 100 150 55 115 155 60 100 125 4 55 110 130 63 120 120 65 110 125 7 70 105 140 8 75 120 170 60 130 160 10 65 135 175 Take year 1 as the base year. In that year the production of Mango, Orange, and Blackberry was 50, 25, and 15 thousand kilograms respectively. a) Find the un-weighted index of prices. b) Find the Laspeyres index for fruit prices. c) What is the change in price from year 6 to year 7 if you use un-weighted index. d) What is the change in price from year 6 to year 7 if you use Laspeyres index. e) Is answer to c is different from answer to d. Explain your answer
The following information was recorded in a toy store: Year 2016 Year 2017 Year 2018 Price Quantity Price Quantity Price Quantity Slime 6. 50 9. 60 10 56 Sticky tact 100 2 105 120 Stinky egg Teddy Bear 4 60 4 50 60 10 30 11 26 12 24 Tortoise 8 40 11 39 12 36 (a) By using the above data, compute the Laspeyres Price Index for year 2018 by using year 2016 as base year. (b) Interpret your answer in part (a)). (c) By using the above data, compute the Paasche Price Index for year 2018 by using year 2016 as base year. (d) Which item has experienced the greatest inflation rate from year 2017 to year 2018? (Just state vour answer, no calculation is needed in part (d)).
Calculate (i) Laspeyres' index, (ii) Paasche's index, (iii) Fisher's Ideal index, (iv) Marshall- Edgeworth index, for the following dairy products Quantities Produced 2007 Prices Dairy Products 1998 (base) 1999 2007 1998 1999 Milk 3.95 3.89 4.13 9.675 9,717 10,436 Butter 61.50 62.20 59.70 118 116 116 Cheese 34.80 35.40 38.90 78 78 83
(a) Define measures of centrai tendency and measures of dispersion. Classify them.
7. Calculate the weighted price index from the following data : Quantity required Price during 1995 Materia! Unit 1994 i required 2$ $ 8.0 Cement Timber Steel sheet: Bricks 500 lb. 2,000 c.ft. 50 cwt. 5.0 9.5 100 lb. c.ft. 14.2 34.0 12.0 cwt. 42.0 per '000 20,000 24.0
Calculate the weighted price index from the following data : Materials required Units Quantity required Price during 2014 2017 Cement 100 lb. 500 Ib. 5.0 8.0 Timber c.ft. 2,000 c.ft 50 cwt. 9.5 14.2 Steel sheets cwt. 34.0 42.0 Bricks per '000 20,000 12.0 24.0
56. From the following data calculate the cost of living index number by the family budget mehtod. Also obtain the expenditure of the person in the year 2013 if his ex- penditure is 2010 is Rs. 600. Price 2010 Price 2013 Weight Group Food Clothing Rent 12 60 16 32 30 60 30 10 10 20 15 Education Misc. 15 10

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