Question

A company buys four products with the following characteristics:
Number of units bought Price paid per unit (£)
Items
Year 1
Year 2
Year 1
Year 2
A
20
24
10
11
B
55
51
25
23
C
17
84
63
17
20
19
28
D
34​

Answer 1

Answer:

A company buys four products with the following characteristics. Items A B C D Number of units bought year1 year2 year3 20 24 26 55 51 53 63 84 86 28 34 37 EN Price paid per unit year1 year2 year3 10 11 13 23 26 17 17 18 19 20 23 25 1.1) 1.2) Find Laspeyre's index for year 2 using year 1 as the base year. (10 marks) Find paasche index for year 2 as current year using year 1 as the base year