Coffees Donuts Chocolate bars Quantity Price Quantity Price |Quantity Price 2000 2001 2002 234 1 222 1.05 150 1.25 456 1.25 305 1.1 180 1 478 1.15 256 250 0.75 Given the numbers in the table above and if the base year is 2000,

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 81E
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Coffees
Donuts
Chocolate bars
Quantity
Price
Quantity
Price
Quantity
Price
2000
2001
2002
234
1
222
1.05
150
1.25
456
1.25
305
1.1
180
1
478
1.15
256
250
0.75
Given the numbers in the table above and if the base year is 2000,
a.What is the Lasperyes price index for the year 2000
2001
and 2002
b. Compute the Paasche price index for the year 2000
2001
and 2002
c. Using the values of the Paasche price index, what is the inflation value for 2001
and 2002
d. Using part c, what is the arithmetic mean
and the geometric mean of the inflation
Transcribed Image Text:Coffees Donuts Chocolate bars Quantity Price Quantity Price Quantity Price 2000 2001 2002 234 1 222 1.05 150 1.25 456 1.25 305 1.1 180 1 478 1.15 256 250 0.75 Given the numbers in the table above and if the base year is 2000, a.What is the Lasperyes price index for the year 2000 2001 and 2002 b. Compute the Paasche price index for the year 2000 2001 and 2002 c. Using the values of the Paasche price index, what is the inflation value for 2001 and 2002 d. Using part c, what is the arithmetic mean and the geometric mean of the inflation
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