The price (in R) and quantity of a basket of three items for the years 2019 and 2021 are given in the tablebelow.   2019 2019 2021 2021 ITEM Price Quantity Price Quantity X 100 200 150 250 Y 40 60 70 80 Z 20 90 40 110 Using 2019 as the base year, what is the Laspeyre’s price index for this basket of items?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The price (in R) and quantity of a basket of three items for the years 2019 and 2021 are given in the table
below.

  2019 2019 2021 2021
ITEM Price Quantity Price Quantity
X 100 200 150 250
Y 40 60 70 80
Z 20 90 40 110

Using 2019 as the base year, what is the Laspeyre’s price index for this basket of items?

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