1) The table below gives the price and consumption (usage/sales) for two products x and y for four years. Using year 2000 as the base year calculate for each year, the a) Basic expenditure index b) Laspeyers price index, and c) Paasche price index Price of y, Py Year Price of Quantity x, qx Quantity y, qy x, Px 2000 R4 5 R3 3 2001 R5 6 R4 2002 R6 4 R5 4 2003 R6 4 R7 4
1) The table below gives the price and consumption (usage/sales) for two products x and y for four years. Using year 2000 as the base year calculate for each year, the a) Basic expenditure index b) Laspeyers price index, and c) Paasche price index Price of y, Py Year Price of Quantity x, qx Quantity y, qy x, Px 2000 R4 5 R3 3 2001 R5 6 R4 2002 R6 4 R5 4 2003 R6 4 R7 4
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 4.8P
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