The table below presents the prices, quantities, and relative price index for 2020 for three types of gold purity sold at Golden Gold Shop. Types of gold purity 999 950 916 Relative price index (%) 108 114 119 Prices (RM per gram) 2017 2020 272 259 246 251 227 207 Quantities (in gram) 2017 2020 16 22 28 21 26 35

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Hi experts, 

This is my questions 

a) Compute the Laspeyres Price Index in 2020. Interpret the value obtained. 


b) Compute the Paasche Quantity Index in 2020. Interpret the value obtained.

The table below presents the prices, quantities, and relative price index for 2020 for three
types of gold purity sold at Golden Gold Shop.
Types of gold
purity
999
950
916
Relative price
index (%)
108
114
119
Prices (RM per gram)
2017
2020
251
272
227
259
207
246
Quantities (in gram)
2017
2020
16
22
28
21
26
35
Transcribed Image Text:The table below presents the prices, quantities, and relative price index for 2020 for three types of gold purity sold at Golden Gold Shop. Types of gold purity 999 950 916 Relative price index (%) 108 114 119 Prices (RM per gram) 2017 2020 251 272 227 259 207 246 Quantities (in gram) 2017 2020 16 22 28 21 26 35
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