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प्रश्न
Compute (i) Laspeyre’s (ii) Paasche’s (iii) Fisher’s Index numbers for the 2010 from the following data.
| Commodity | Price | Quantity | ||
| 2000 | 2010 | 2000 | 2010 | |
| A | 12 | 14 | 18 | 16 |
| B | 15 | 16 | 20 | 15 |
| C | 14 | 15 | 24 | 20 |
| D | 12 | 12 | 29 | 23 |
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उत्तर
| Commodity | 2000 (Base year) |
2010 (Current year) |
p0q0 | p0q1 | p1q0 | p1q1 | ||
| p0 | q0 | p1 | q1 | |||||
| A | 12 | 14 | 18 | 16 | 216 | 192 | 252 | 224 |
| B | 15 | 16 | 20 | 15 | 300 | 225 | 320 | 240 |
| C | 14 | 15 | 24 | 20 | 336 | 280 | 360 | 300 |
| D | 12 | 12 | 29 | 23 | 348 | 276 | 348 | 276 |
| Total | `sum"p"_0"q"_0` = 1200 | `sum"p"_0"q"_1` = 973 | `sum"p"_1"q"_0` = 1280 | `sum"p"_1"q"_1` = 1040 | ||||
(i) Laspeyre's Price Index
`"P"_01^"L" = (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`
= `1280/1200 xx 100`
= 106.6
(ii) Paasche's Price Index
`"P"_01^"P" = (sum"P"_1"q"_1)/(sum"p"_0"q"_1) xx 100`
= `1040/973 xx 100`
= 106.8
(iii) Fisher’s price index number
`"P"_01^"F" = sqrt((sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx (sum"p"_1"q"_1)/(sum"p"_0"q"_1)) xx 100`
= `sqrt(1280/1200 xx 1040/973) xx 100`
= `sqrt((13,31,200)/(11,67,600)) xx 100`
= `sqrt(1.14) xx 100`
= 106.7
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संबंधित प्रश्न
Features of index numbers:
- It is useful in framing suitable economic policies.
- It is useful to present financial data in real terms
- Index numbers are statistical devices.
- Index numbers are specialized averages.
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| Commodity | 1995 | 2005 | ||
| Price | Quantity | Price | Quantity | |
| A | 5 | 60 | 15 | 70 |
| B | 4 | 20 | 8 | 35 |
| C | 3 | 15 | 6 | 20 |
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| 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 |
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Calculate the Laspeyre’s, Paasche’s and Fisher’s price index number for the following data. Interpret on the data.
| Commodities | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 170 | 562 | 72 | 632 |
| B | 192 | 535 | 70 | 756 |
| C | 195 | 639 | 95 | 926 |
| D | 1987 | 128 | 92 | 255 |
| E | 1985 | 542 | 92 | 632 |
| F | 150 | 217 | 180 | 314 |
| 7 | 12.6 | 12.7 | 12.5 | 12.8 |
| 8 | 12.4 | 12.3 | 12.6 | 12.5 |
| 9 | 12.6 | 12.5 | 12.3 | 12.6 |
| 10 | 12.1 | 12.7 | 12.5 | 12.8 |
Explain the meaning of index number.
