The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c }
\text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \
\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \
\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \
\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12
\end{array}$$
-Calculate the year 2000 simple price index for each product separately.

Question

The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c } 
\text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \
\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \
\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \
\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12
\end{array}$$
-Calculate the year 2000 simple price index for each product separately.

Quizplus · Accepted Answer

The Answer of The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c } 
\text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \
\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \
\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \
\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12
\end{array}$$
-Calculate the year 2000 simple price index for each product separately.

The Following Data on Prices and Quantities for the Years