You are given the following information regarding four items.
a.Calculate the price relative index for each item, using 2005 as the base year.
b.Calculate the unweighted aggregate price index.
c.Calculate a Laspeyres index.
d.Calculate a Paasche index.
e.Construct a weighted aggregate quantity index using 2005 as the base year and price as the weight.

Question

You are given the following information regarding four items.  
a.Calculate the price relative index for each item, using 2005 as the base year.
b.Calculate the unweighted aggregate price index.
c.Calculate a Laspeyres index.
d.Calculate a Paasche index.
e.Construct a weighted aggregate quantity index using 2005 as the base year and price as the weight.

Quizplus · Accepted Answer

The Answer of You are given the following information regarding four items.  
a.Calculate the price relative index for each item, using 2005 as the base year.
b.Calculate the unweighted aggregate price index.
c.Calculate a Laspeyres index.
d.Calculate a Paasche index.
e.Construct a weighted aggregate quantity index using 2005 as the base year and price as the weight.

You Are Given the Following Information Regarding Four Items