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प्रश्न
Calculate by a suitable method, the index number of price from the following data:
| Commodity | 2002 | 2012 | ||
| Price | Quantity | Price | Quantity | |
| A | 10 | 20 | 16 | 10 |
| B | 12 | 34 | 18 | 42 |
| C | 15 | 30 | 20 | 26 |
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उत्तर
| Commodity | 2002 (Base year) |
2012 (Current year) |
p0q0 |
p0q1 |
p1q0 |
p1q1 |
||
| p0 | q0 | p1 | q1 | |||||
| A | 10 | 20 | 16 | 10 | 200 | 100 | 320 | 160 |
| B | 12 | 34 | 18 | 42 | 408 | 504 | 612 | 756 |
| C | 15 | 30 | 20 | 26 | 450 | 390 | 600 | 520 |
| Total | `sum"p"_0"q"_0` = 1058 | `sum"p"_0"q"_1` = 1054 | `sum"p"_1"q"_0` = 1532 | `sum"p"_1"q"_0` = 1436 | ||||
Laspeyres price index number
`"P"_01^"L" = (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`
= `1532/1058 xx 100`
= 144.8
Peasche's price index number
`"P"_01^"P" = (sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100`
= `1436/1054 xx 100`
= 136.24
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संबंधित प्रश्न
State with reasons whether you agree or disagree with the following statement:
Index numbers can be constructed without the base year.
Index number was originally developed to measure ______.
Index number which is computed from a single variable called is a ______.
State the test of adequacy of index number
Define Time Reversal Test
Calculate Fisher’s index number to the following data. Also show that it satisfies Time Reversal Test.
| Commodity | 2016 | 2017 | ||
| Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | |
| Food | 40 | 12 | 65 | 14 |
| Fuel | 72 | 14 | 78 | 20 |
| Clothing | 36 | 10 | 36 | 15 |
| Wheat | 20 | 6 | 42 | 4 |
| Others | 46 | 8 | 52 | 6 |
Choose the correct alternative:
Another name of consumer’s price index number is:
Choose the correct alternative:
Cost of living at two different cities can be compared with the help of
An Enquiry was made into the budgets of the middle class families in a city gave the following information.
| Expenditure | Food | Rent | Clothing | Fuel | Rice |
| Price(2010) | 150 | 50 | 100 | 20 | 60 |
| Price(2011) | 174 | 60 | 125 | 25 | 90 |
| Weights | 35 | 15 | 20 | 10 | 20 |
What changes in the cost of living have taken place in the middle class families of a city?
Read the given passage and answer the questions:
|
Index Number is a technique of measuring changes in a variable or group of related variables with reference to time, geographical location and other characteristics. Index Number is very useful for economists, farmers, traders, government, educationalists and trade union leaders for planning and implementing the plans according to their sector. The scope of index number is not limited to only one subject but it extends to many subjects such as Economics, Educational science, Psychology, History, Sociology, Geography etc. While framing index number its objective must be determined. To attain the objective the information is collected in various ways and this information is used for comparing two different time periods. For this purpose, the base year’s index is assumed as 100 and accordingly the value of the current year is calculated. Laspeyre, Paasche and Fisher have suggested different methods for constructing index numbers. |
- Explain the meaning of Index Number.
- To whom the Index Number is useful?
- Express your opinion about the given passage.
