CENGAGENOW FOR ANDERSON/SWEENEY/WILLIAM
13th Edition
ISBN: 9781337094399
Author: Cochran
Publisher: IACCENGAGE
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Chapter 20.2, Problem 1E
The following table reports prices and usage quantities for two items in 2009 and 2011.
- a. Compute price relatives for each item in 2011 using 2009 as the base period.
- b. Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.
- c. Compute a weighted aggregate price index for the two items using the Laspeyres method.
- d. Compute a weighted aggregate price index for the two items using the Paasche method.
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Chapter 20 Solutions
CENGAGENOW FOR ANDERSON/SWEENEY/WILLIAM
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