(a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative A B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. I2011 = (c) Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period. I2011 = (d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period. I2011 =
(a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative A B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. I2011 = (c) Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period. I2011 = (d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period. I2011 =
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 $500 to each household in...
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Question
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.)
| Quantity | Unit Price ($) | |||
|---|---|---|---|---|
| Item | 2009 | 2011 | 2009 | 2011 |
| A | 1,400 | 1,700 | 8.50 | 6.75 |
| B | 4 | 2 | 630.00 | 1,400.00 |
(a)
Compute price relatives for each item in 2011 using 2009 as the base period.
| Item | Price Relative |
|---|---|
| A | |
| B |
(b)
Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.
I2011 =
(c)
Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period.
I2011 =
(d)
Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period.
I2011 =
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The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.)
| Quantity | Unit Price ($) | |||
|---|---|---|---|---|
| Item | 2009 | 2011 | 2009 | 2011 |
| A | 1,400 | 1,700 | 8.50 | 6.75 |
| B | 4 | 2 | 630.00 | 1,400.00 |
(a)
Compute price relatives for each item in 2011 using 2009 as the base period.
| Item | Price Relative |
|---|---|
| A | |
| B |
(b)
Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.
I2011 =
(c)
Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period.
I2011 =
(d)
Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period.
I2011 =
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