3. The table below gives details of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index mumber for 1997 prices with 1995 us base. Consumption vulue 1995 800 Commodities Price per unit 1997 48 Price per unit 1995 Rice 40 Wheat 25 27 400 Oil 95 105 760 Fish 10 120 1100 Milk 80 100 480
3. The table below gives details of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index mumber for 1997 prices with 1995 us base. Consumption vulue 1995 800 Commodities Price per unit 1997 48 Price per unit 1995 Rice 40 Wheat 25 27 400 Oil 95 105 760 Fish 10 120 1100 Milk 80 100 480
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:3. The table below gives details of price and consumption of 5 commodities for 1995 and
1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 us base.
Price per unit 1997
Consumption vulue 1995
800
Commodities
Price per unit 1995
Rice
40
48
Wheat
25
27
400
Oil
95
105
760
Fish
110
120
1100
Milk
80
100
480
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