The Cost of Living Index Number by Aggregate Expenditure Method is given by - Mathematics and Statistics

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The Cost of Living Index Number by Aggregate Expenditure Method is given by ______

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Solution

`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`

Concept: Method of Constructing Cost of Living Index Numbers - Aggregative Expenditure Method
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Chapter 2.5: Index Numbers - Q.2

RELATED QUESTIONS

Calculate the cost of living index in problem 

Group Base Year Current Year
  Price Quantity Price
Food 120 15 170
Clothing 150 20 190
Fuel & Lighting 130 30 220
House Rent 160 10 180
Miscellaneous 200 12 200

Calculate the cost of living index in problem

Group Base Year Current Year
  Price Quantity Price
Food 40 15 45
Clothing 30 10 35
Fuel & Lighting 20 17 25
House Rent 60 22 70
Miscellaneous 70 25 80

Calculate the cost of living index in problem

Group Base Year Current Year
  Price Quantity Price
Food 132 10 170
Clothing 154 12 160
Fuel & Lighting 164 20 180
House Rent 175 18 195
Miscellaneous 128 5 120

The cost of Living Index Number using Aggregate Expenditure Method is given by ______.


Choose the correct alternative: 

The Cost of Living Index Number by Aggregate Expenditure Method is same as


Calculate the Cost of Living Index Number for the following data.

Group Base Year Current Year
Price Quantity Price
Food 40 5 20
Clothing 30 10 35
Fuel and Lighting 20 17 10
House Rent 60 22 10
Miscellaneous 70 25 8

Given the following table, find the Cost of living Index Number using Aggregate Expenditure Method by completing the activity.

Group p0 q0 p1 p0q0 p1q0
A 23 4 25 `square` 100
B 15 5 20 75 `square`
C 5 9 8 `square` 72
D 12 5 18 60 `square`
E 8 6 13 `square` 78
Total 320 `square`

Therefore, Cost of Living Index using Aggregate Expenditure method is

CLI = `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx square`

= `square/square xx 100`

= `square`


Calculate the cost of living index number for the following data by aggregative expenditure method:

Group Base year Current year
Price Quantity Price
Food 120 15 170
Clothing 150 20 190
Fuel and lighting 130 30 220
House rent 160 10 180
Miscellaneous 200 11 220

Calculate the Cost of Living Index Number for the following data.

Group Base Year Current Year
Price Quantity Price
Food 132 10 170
Clothing 154 12 160
Fuel and Lighting 164 20 180
House Rent 175 18 195
Miscellaneous 128 5 120

Choose the correct pair:

Group A Group B
1) Price Index a) `(sump_1q_1)/(sump_0q_0)xx100`
2) Value Index b) `(sumq_1)/(sumq_0)xx100`
3) Quantity Index c) `(sump_1q_1)/(sump_0q_1)xx100`
4) Paasche's Index d) `(sump_1)/(sump_0)xx100`

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