Q.4 Calculate (i) Laspeyre's (ii) Paasche's and (iii) Fisher's price index number for 2020 from the given data, using 2018 as the base period. Prices Quantities Commodity 2018 2020 2018 2020 Ghee 140 260 70 120 Rice 75 160 60 80 Sugar 65 100 120 180 Wheat 35 70 180 240 b) Prove that Fisher's Ideal Index number satisfies the factor reversal test.

Q.4 Calculate (i) Laspeyre's (ii) Paasche's and (iii) Fisher's price index number for 2020 from the given data, using 2018 as the base period. Prices Quantities Commodity 2018 2020 2018 2020 Ghee 140 260 70 120 Rice 75 160 60 80 Sugar 65 100 120 180 Wheat 35 70 180 240 b) Prove that Fisher's Ideal Index number satisfies the factor reversal test.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 20SQ

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