The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. Commodity   2000   2005                 Price (K)   Quantity Price (K)   Quantity               A 15   15 22   12 B 20   5 27   4 C 4   10 7   5                 Compute the following price index numbers for 2005 from the above table: Laspeyre’s price index number Paasche’s price index number

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The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year.

Commodity

 

2000

 

2005

 

 

 

 

 

 

 

 

Price (K)

 

Quantity

Price (K)

 

Quantity

 

 

 

 

 

 

 

A

15

 

15

22

 

12

B

20

 

5

27

 

4

C

4

 

10

7

 

5

 

 

 

 

 

 

 

 

Compute the following price index numbers for 2005 from the above table:

  1. Laspeyre’s price index number
  2. Paasche’s price index number
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