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Question
Fisher's Price Index Number is given by ______.
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Solution
Fisher's Price Index Number is given by `bb(underline(sqrt((sump_1q_0)/(sump_0q_0) xx (sump_1q_1)/(sump_0q_1)) xx 100))`.
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RELATED QUESTIONS
Calculate Walsh’s Price Index Number.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| L | 4 | 16 | 3 | 19 |
| M | 6 | 16 | 8 | 14 |
| N | 8 | 28 | 7 | 32 |
If ∑p0q0 = 140, ∑p0q1 = 200, ∑p1q0 = 350, ∑p1q1 = 460, find Laspeyre’s, Paasche’s, Dorbish-Bowley’s and Marshall-Edgeworth’s Price Index Numbers.
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State whether the following is True or False :
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Calculate Dorbish-Bowley’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price p0 |
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| I | 8 | 30 | 11 | 28 |
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Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price P0 |
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| Commodity | Base Year | Current Year | ||
| Price p0 |
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If find x is Walsh’s Price Index Number is 150 for the following data
| Commodity | Base Year | Current Year | ||
| Price p0 |
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Quantity q1 |
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| A | 5 | 3 | 10 | 3 |
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Find x if Paasche’s Price Index Number is 140 for the following data.
| Commodity | Base Year | Current Year | ||
| Price p0 |
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Given that Laspeyre’s and Paasche’s Price Index Numbers are 25 and 16 respectively, find Dorbish-Bowley’s and Fisher’s Price Index Number.
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b) Passche’s
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| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 10 | 9 | 50 | 8 |
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