Using 2016 as the base year, calculate the Laspeyre’s Quantity Index for 2021.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F528c749a-ca6f-4d18-ad31-452bb73d3b87%2Fb7843c4e-c127-4072-b390-962528be3c76%2F7ws8h0y_processed.jpeg&w=3840&q=75)
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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