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Using 2016 as the base year, calculate the Laspeyre’s Quantity Index for 2021.

Using 2016 as the base year, calculate the Laspeyre’s Quantity Index for 2021.

MATLAB: An Introduction with Applications
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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Using 2016 as the base year, calculate the Laspeyre’s Quantity Index for 2021.


A    138.60
B    207.47
C    72.15
D    149.86

A business analyst has obtained the following information (Table 4) on the prices (in Rands) and quantities (in boxes) of three flavours of ice-cream sold by a small business owner during 2016 and 2021. 2016 Ice-cream flavours Vanilla Chocolate Strawberry Price (Rands per box) 130 140 145 Quantity (boxes) 44 000 21 500 15 900 Price (Rands per box) 170 200 220 2021 Quantity (boxes) 92 000 40 200 36 600
Transcribed Image Text:A business analyst has obtained the following information (Table 4) on the prices (in Rands) and quantities (in boxes) of three flavours of ice-cream sold by a small business owner during 2016 and 2021. 2016 Ice-cream flavours Vanilla Chocolate Strawberry Price (Rands per box) 130 140 145 Quantity (boxes) 44 000 21 500 15 900 Price (Rands per box) 170 200 220 2021 Quantity (boxes) 92 000 40 200 36 600
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