Advertisements
Advertisements
प्रश्न
Calculate the cost of living index by aggregate expenditure method:
| Commodity | Weight 2010 |
Price (Rs.) | |
| 2010 | 2015 | ||
| P | 80 | 22 | 25 |
| Q | 30 | 30 | 45 |
| R | 25 | 42 | 50 |
| S | 40 | 25 | 35 |
| T | 50 | 36 | 52 |
Advertisements
उत्तर
| Commodity | Price (Rs.) | Weights (V) |
P = `"p"_1/"p"_0 xx 100` | PV | |
| 2010 (p0) |
2015 (p1) |
||||
| P | 22 | 25 | 80 | 113.63 | 9090.4 |
| Q | 30 | 45 | 30 | 150 | 4500 |
| R | 42 | 50 | 25 | 119.05 | 2976.25 |
| S | 25 | 35 | 40 | 140 | 5600 |
| T | 36 | 52 | 50 | 144.44 | 7222 |
| Total | `sum"V"` = 225 | `sum"PV"` = 29388.65 | |||
Cost of living index number = `(sum"PV")/(sum"V")`
= `29388.65/225`
= 130.62
APPEARS IN
संबंधित प्रश्न
State with reasons whether you agree or disagree with the following statement:
Index numbers can be constructed without the base year.
Identify & explain the concept from the given illustration.
Agricultural Research Institute constructed an index number to measure changes in the production of raw cotton in Maharashtra during the period 2015-2020.
Define Laspeyre’s price index number
Write note on Fisher’s price index number
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 |
Choose the correct alternative:
Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to:
Choose the correct alternative:
Most commonly used index number is:
Choose the correct alternative:
Which of the following Index number satisfy the time reversal test?
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 |
Choose the correct pair.
| Group A | Group B |
| 1) Price Index | a) `(sump_1q_1)/(sump_0q_0)xx100` |
| 2) Value Index | b) `(sumq_1)/(sumq_0)xx100` |
| 3) Quantity Index | c) `(sump_1q_1)/(sump_0q_1)xx100` |
| 4) Paasche's Index | d) `(sump_1)/(sump_0)xx100` |
