The table below reports the quantities and prices for a fruit basket consumed by RMIT students for the years 2019 and 2020. Copy Paste the tableand fill in as necessary Fruit (per Kg) 2019 2020 Fill In Fill In Price ($) Quantity Price ($) Quantity Bananas 3.7 25 3.8 28 Apples 3.6 40 4.62 48 Pears 6.7 45 6.9 66 Peaches 7.6 35 8.6 36 Fill In (a) Calculate the simple price index of Apples for 2020 using 2019 as a base year. b) Calculate the Aggregate index for 2020 using 2019 as a base year. (c) Calculate the Laspeyers price index for 2020 using 2019 as a base year. Interpret your answer. d) What is the difference between Laspeyers and Paasche index?
The table below reports the quantities and prices for a fruit basket consumed by RMIT students for the years 2019 and 2020. Copy Paste the tableand fill in as necessary Fruit (per Kg) 2019 2020 Fill In Fill In Price ($) Quantity Price ($) Quantity Bananas 3.7 25 3.8 28 Apples 3.6 40 4.62 48 Pears 6.7 45 6.9 66 Peaches 7.6 35 8.6 36 Fill In (a) Calculate the simple price index of Apples for 2020 using 2019 as a base year. b) Calculate the Aggregate index for 2020 using 2019 as a base year. (c) Calculate the Laspeyers price index for 2020 using 2019 as a base year. Interpret your answer. d) What is the difference between Laspeyers and Paasche index?
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter65: Achievement Review—section Six
Section: Chapter Questions
Problem 55AR: Solve these prism and cylinder exercises. Where necessary, round the answers to 2 decimal places...
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