Question

1.
The following data are obtained from the family budget inquiry of middle class people. State the
change in the cost of living in the year 2015 with respect to the year 2013 by finding the index
number. If the average monthly disposable income of a family in the year 2013 is ? 15,000 ther
obtain the estimate of the necessary average monthly disposable income in the year 2015.
Group
Food
Rent
Fuel-Electricity
Clothing
Miscellaneous
Weight
45
15
10
20
10
Expenditure in 2013
3000
1450
1500
600
1600
Expenditure in 2015 )
3900
1850
2400
900
1920

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Answer 1

Answer:

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