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Question
Choose the correct alternative :
Walsh’s Price Index Number is given by
Options
`(sum"p"_1sqrt("q"_0"q"_1))/(sum"p"_0sqrt("q"_0"q"_1)) xx 100`
`(sum"p"_0sqrt("q"_0"q"_1))/(sum"p"_1sqrt("q"_0"q"_1)) xx 100`
`(sum"q"_1sqrt("p"_0"p"_1))/(sum"q"_0sqrt("p"_0"p"_1)) xx 100`
`(sum"q"_0sqrt("p"_0"p"_1))/(sum"q"_1sqrt("p"_0"p"_1)) xx 100`
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Solution
Walsh’s Price Index Number is given by `(sum"p"_1sqrt("q"_0"q"_1))/(sum"p"_0sqrt("q"_0"q"_1)) xx 100`.
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RELATED QUESTIONS
Calculate Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and Marshall - Edgeworth’s Price index numbers.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| I | 10 | 9 | 20 | 8 |
| II | 20 | 5 | 30 | 4 |
| III | 30 | 7 | 50 | 5 |
| IV | 40 | 8 | 60 | 6 |
Calculate Walsh’s Price Index Number.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| I | 10 | 12 | 20 | 9 |
| II | 20 | 4 | 25 | 8 |
| III | 30 | 13 | 40 | 27 |
| IV | 60 | 29 | 75 | 36 |
If P01(L) = 90 and P01(P) = 40, find P01(D – B) and P01(F).
Find x in the following table if Laspeyre’s and Paasche’s Price Index Numbers are equal.
| Commodity | Base Year | Current year | ||
| Price | Quantity | Price | Quantity | |
| A | 2 | 10 | 2 | 5 |
| B | 2 | 5 | x | 2 |
Laspeyre’s Price Index Number is given by ______.
Choose the correct alternative :
Fisher’s Price Number is given by
Laspeyre’s Price Index Number is given by _______.
Fill in the blank :
Paasche’s Price Index Number is given by _______.
State whether the following is True or False :
`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100` is Dorbish-Bowley’s Price Index Number.
`(sump_0(q_0 + q_1))/(sump_1(q_0 + q_1)) xx 100` is Marshall-Edgeworth’s price index number.
State whether the following is True or False :
`sqrt(("p"_1"q"_0)/(sum"p"_0"q"_0)) xx sqrt((sum"p"_1"q"_1)/(sum"p"_0"q"_1)) xx 100` is Fisher’s Price Index Number.
Solve the following problem :
Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.
| Commodity | Base year | Current year | ||
| Price p0 |
Quantity q0 |
price p1 |
Quantity q1 |
|
| A | 20 | 18 | 30 | 15 |
| B | 25 | 8 | 28 | 5 |
| C | 32 | 5 | 40 | 7 |
| D | 12 | 10 | 18 | 10 |
Solve the following problem :
Calculate Marshall-Edgeworth’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price p0 |
Quantity q0 |
Price p1 |
Quantity q1 |
|
| X | 12 | 35 | 15 | 25 |
| Y | 29 | 50 | 30 | 70 |
Solve the following problem :
Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price P0 |
Quantity q0 |
Price p1 |
Quantity q1 |
|
| I | 8 | 30 | 12 | 25 |
| II | 10 | 42 | 20 | 16 |
Find x if Laspeyre’s Price Index Number is same as Paasche’s Price Index Number for the following data
| Commodity | Base Year | Current Year | ||
| Price p0 |
Quantity q0 |
Price p1 |
Quantity q1 |
|
| A | 3 | x | 2 | 5 |
| B | 4 | 6 | 3 | 5 |
Solve the following problem :
If `sum"p_"0"q"_0 = 120, sum "p"_0"q"_1 = 160, sum "p"_1"q"_1 = 140, and sum "p"_1"q"+0` = 200, find Laspeyre’s, Paasche’s Dorbish-Bowley’s and Marshall Edgeworth’s Price Index Number.
Solve the following problem :
Given that `sum "p"_1"q"_1 = 300, sum "p"_0"q"_1 = 320, sum "p"_0"q"_0` = 120, and Marshall- Edgeworth’s Price Index Number is 120, find `sum"p"_1"q"_0` and Paasche’s Price Index Number.
Fisher's Price Index Number is given by ______.
Marshall-Edgeworth's Price Index Number is given by ______
State whether the following statement is True or False:
`(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100` is Paasche’s Price Index Number
State whether the following statement is True or False:
`[sqrt((sum"p"_1"q"_1)/(sum"p"_0"q"_1)) + (sumsqrt("q"_0"q"_1))/(sum("p"_0 + "p"_1))] xx 100` is Fisher’s Price Index Number.
Calculate Marshall-Edgeworth Price Index Number for following.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 8 | 20 | 11 | 15 |
| B | 7 | 10 | 12 | 10 |
| C | 3 | 30 | 5 | 25 |
| D | 2 | 50 | 4 | 35 |
Calculate Walsh’s price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| I | 10 | 12 | 40 | 3 |
| II | 20 | 2 | 25 | 8 |
| III | 30 | 3 | 50 | 27 |
| IV | 60 | 9 | 90 | 36 |
If P01(L) = 40 and P01(P) = 90, find P01(D-B) and P01(F).
If Laspeyre’s and Paasche’s Price Index Numbers are 50 and 72 respectively, find Dorbish-Bowley’s and Fisher’s Price Index Numbers
Given P01(M-E) = 120, `sum"p"_1"q"_1` = 300, `sum"p"_0"q"_0` = 120, `sum"p"_0"q"_1` = 320, Find P01(L)
Laspeyre’s Price Index Number uses current year’s quantities as weights.
