The following table gives the average wholesale prices in rupees per unit of gold, whet cotton during the years 2001-2006. Average price in Rs. Per unit Commodity 2001 2003 2004 2005 2006 2002 Gold 25.3 30.8 33.4 35.5 35.3 36.0 Wheat 17.3 14.5 4.9 5.7 17.1 11.6 Cotton 7.8 5.4 6.7 5.6 7.2 10.2 Using 2001 as the base period, compute the simple aggregative price indices and the simg verage of relatives price indices for the years 2002 to 2006.
The following table gives the average wholesale prices in rupees per unit of gold, whet cotton during the years 2001-2006. Average price in Rs. Per unit Commodity 2001 2003 2004 2005 2006 2002 Gold 25.3 30.8 33.4 35.5 35.3 36.0 Wheat 17.3 14.5 4.9 5.7 17.1 11.6 Cotton 7.8 5.4 6.7 5.6 7.2 10.2 Using 2001 as the base period, compute the simple aggregative price indices and the simg verage of relatives price indices for the years 2002 to 2006.
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![The following table gives the average wholesale prices in rupees per unit of gold, whew
cotton during the years 2001-2006.
Average price in Rs. Per unit
Commodity 2001
2002
2003
2004
2005
2006
Gold
25.3
30.8
33.4
35.5
35.3
36.0
Wheat
17.3
14.5
4.9
5.7
17.1
11.6
Cotton
7.8
5.4
6.7
5.6
7.2
10.2
Using 2001 as the base period, compute the simple aggregative price indices and the simple
average of relatives price indices for the years 2002 to 2006.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F930ef60b-80df-4901-9e03-5f0f530552ef%2F6862fddd-23ed-4303-954c-19e133cc0709%2Fc1724tg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table gives the average wholesale prices in rupees per unit of gold, whew
cotton during the years 2001-2006.
Average price in Rs. Per unit
Commodity 2001
2002
2003
2004
2005
2006
Gold
25.3
30.8
33.4
35.5
35.3
36.0
Wheat
17.3
14.5
4.9
5.7
17.1
11.6
Cotton
7.8
5.4
6.7
5.6
7.2
10.2
Using 2001 as the base period, compute the simple aggregative price indices and the simple
average of relatives price indices for the years 2002 to 2006.
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