Question

5. If Laspeyres' and Paasche's Index numbers are 152.6 and 145.3;
Find- (1) Fisher's Ideal Index Number and (ii) Bowley's Index Number.

(a) 148.9, 148.95
(b) 140.9, 140.95
(c) 150.9, 150.95
(d) 155.9, 155.95​

Answer 1

Answer:

a is the answer of this question

Answer 2

Option a is the correct answer.

If Laspeyres' and Paasche's Index numbers are 152.6 and 145.3; then Fisher's Ideal Index Number will be 148.9 and Bowley's Index Number will be 148.95.

Step by step explanation:

Laspeyres' Index numbers = 152.6

Paasche's Index numbers = 145.3

Fisher's Price Index = (Laspeyres' Index numbers*Paasche's Index numbers)^0.5

= $(152.6*145.3)^{0.5}$ = 148.905

Bowley's Index number = 1/2((Laspeyres' Index numbers +Paasche's Index numbers)

= 1/2 (152.6+145.3)

=148.95