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Question
If P01 (L) = 121, P01 (P) = 100, then P01 (F) = ______.
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Solution
If P01 (L) = 121, P01 (P) = 100, then P01 (F) = 110.
Explanation:
P01 (F) = `sqrt(P_(01) (L) xx P_(01) (P))`
= `sqrt(121 xx 100)`
= `sqrt(12100)`
= 110
∴ P01 (F) = 110.
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| Commodity | Base Year | Current Year | ||
| Price p0 |
Quantity q0 |
Price p1 |
Quantity q1 |
|
| I | 8 | 30 | 12 | 25 |
| II | 10 | 42 | 20 | 16 |
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| Commodity | Base Year | Current Year | p1q0 | p0q0 | p1q1 | p0q1 | ||
| p0 | q0 | p1 | q1 | |||||
| I | 8 | 30 | 12 | 25 | 360 | 240 | 300 | 200 |
| II | 10 | 42 | 20 | 16 | 840 | 420 | 320 | 160 |
| Total | `bb(sump_1q_0=1200)` | `bb(sump_0q_0=660)` | `bb(sump_1q_1=620)` | `bb(sump_0q_1=360)` | ||||
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∴ P01(L) = `square`
Paasche 's Price Index Number:
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∴ P01(P) = `square`
