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Question
State whether the following is True or False :
`sum("p"_1"q"_1)/("p"_0"q"_1)` is Laspeyre’s Price Index Number.
Options
True
False
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Solution
`sum("p"_1"q"_1)/("p"_0"q"_1)` is Laspeyre’s Price Index Number False.
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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 |
Given that Laspeyre’s and Dorbish-Bowley’s Price Index Numbers are 160.32 and 164.18 respectively, find Paasche’s Price Index Number.
Choose the correct alternative :
The price Index Number by Weighted Aggregate Method is given by ______.
Paasche’s Price Index Number is given by ______.
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`(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.
State whether the following is True or False :
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Solve the following problem :
Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.
| Commodity | Base year | Current year | ||
| Price p0 |
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price p1 |
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| A | 20 | 18 | 30 | 15 |
| B | 25 | 8 | 28 | 5 |
| C | 32 | 5 | 40 | 7 |
| D | 12 | 10 | 18 | 10 |
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Calculate Dorbish-Bowley’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
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Calculate Marshall-Edgeworth’s Price Index Number for the following data.
| Commodity | Base Year | Current Year | ||
| Price p0 |
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| X | 12 | 35 | 15 | 25 |
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Solve the following problem:
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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Price p1 |
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| A | 5 | 3 | 10 | 3 |
| B | x | 4 | 16 | 9 |
| C | 15 | 5 | 23 | 5 |
| D | 10 | 2 | 26 | 8 |
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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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Fisher’s Price Index Number is
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The average of Laspeyre’s and Paasche’s Price Index Numbers is called ______ 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.
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| 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 |
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| 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 |
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| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 1 | 10 | 2 | 5 |
| B | 1 | 5 | – | 12 |
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| Commodity | Base Year | Current year | ||
| Price | Quantity | Price | Quantity | |
| A | 2 | 10 | 2 | 5 |
| B | 2 | 5 | x | 2 |
Solution: P01(L) = P01(P)
`(sum "p"_1"q"_0)/(sum "p"_0"q"_0) xx 100 = square/(sum "p"_0"q"_1) xx 100`
`(20 + 5x)/square xx 100 = square/14 xx 100`
∴ x = `square`
