Question

Calculate Value Index Number for the following using Simple Aggregate Method

Commodity	Base Year		Current Year
	Price	Quantity	Price	Quantity
A	30	13	40	15
B	40	15	70	20
C	10	12	60	22
D	50	10	90	18
E	20	14	100	16

Answer 1

Commodity	Base Year		Current Year
	p0	q0	p1	q1	p0q0	p1q1
A	30	13	40	15	390	600
B	40	15	70	20	600	1400
C	10	12	60	22	10	1320
D	50	10	90	18	500	1620
E	20	14	100	16	280	1600
Total	–	–	–	–	1890	6540

Value Index Number (V₀₁) = `(sum"p"_1"q"_1)/(sum"p"_0"q"_0) xx 100`

= `6540/1890 xx 100`

= 346.03