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Use the Following Information for the Three Grains -Calculate the Paasche Index

Question 118

Essay

Use the following information for the three grains.  Price 1990 Quantity  Price 2000 Quantity  Rice 302351 Wheat 253302 Oats 204253\begin{array} { l c c c c } & \text { Price } & 1990 \text { Quantity } & \text { Price } & 2000 \text { Quantity } \\\text { Rice } & 30 & 2 & 35 & 1 \\\text { Wheat } & 25 & 3 & 30 & 2 \\\text { Oats } & 20 & 4 & 25 & 3\end{array}
-Calculate the Paasche index.

Correct Answer:

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121.43
Paa...

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