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Question
Marshall-Edgeworth's Price Index Number is given by ______
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Solution
Marshall-Edgeworth's Price Index Number is given by `bb(underline((sump_1q_0 +sump_1q_1)/(sump_0q_0 + sump_0q_1) xx 100))`.
RELATED QUESTIONS
If ∑p0q0 = 140, ∑p0q1 = 200, ∑p1q0 = 350, ∑p1q1 = 460, find Laspeyre’s, Paasche’s, Dorbish-Bowley’s and Marshall-Edgeworth’s Price Index Numbers.
Given that Laspeyre’s and Dorbish-Bowley’s Price Index Numbers are 160.32 and 164.18 respectively, find Paasche’s Price Index Number.
Given that ∑p0q0 = 220, ∑p0q1 = 380, ∑p1q1 = 350 and Marshall-Edgeworth’s Price Index Number is 150, find Laspeyre’s Price Index Number.
If Laspeyre's Price Index Number is four times Paasche's Price Index Number, then find the relation between Dorbish-Bowley's and Fisher's Price Index Numbers.
Choose the correct alternative :
The price Index Number by Weighted Aggregate Method is given by ______.
Laspeyre’s Price Index Number is given by ______.
Choose the correct alternative :
Fisher’s Price Number is given by
Choose the correct alternative :
Marshall-Edgeworth’s Price Index Number is given by
Choose the correct alternative :
Walsh’s Price Index Number is given by
Fill in the blank :
Dorbish-Bowley’s Price Index Number is given by _______.
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 |
Calculate Walsh’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 |
Choose the correct alternative:
Price Index Number by using Weighted Aggregate Method is given by
Choose the correct alternative:
Dorbish–Bowley’s Price Index Number is
Choose the correct alternative:
Walsh's Price Index Number is given by
Choose the correct alternative:
Fisher’s Price Index Number is
State whether the following statement is True or False:
Walsh’s Price Index Number is given by `(sum"p"_1sqrt("q"_0"q"_1))/(sum"p"_0sqrt("q"_0"q"_1)) xx 100`
If P01(L) = 40 and P01(P) = 90, find P01(D-B) and P01(F).
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)
Find the missing price if Laspeyre’s and Paasche’s Price Index Numbers are equal for following data.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 1 | 10 | 2 | 5 |
| B | 1 | 5 | – | 12 |
State whether the following statement is true or false:
Dorbish-Bowley's Price Index Number is the square root of the product of Laspeyre's and Paasche's Index Numbers.
If P01 (L) = 121, P01 (P) = 100, then P01 (F) = ______.
`sqrt((sump_1q_0)/(sump_0q_0)) xx sqrt((sump_1q_1)/(sump_0q_1)) xx 100`
Laspeyre’s Price Index Number uses current year’s quantities as weights.
Complete the following activity to 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 |
Solution:
| 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)` | ||||
Laspeyre's Price Index Number:
P01(L) = `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100 = square/660xx100`
∴ P01(L) = `square`
Paasche 's Price Index Number:
P01(P) = `(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100=(620)/(square) xx 100`
∴ P01(P) = `square`
