Question

(a) Construct Laspeyres, Paasche and Fisher indices from the following data:
Item 2018 2019
Price (Rs.) Expenditure (Rs.) Price (Rs.) Expenditure (Rs.)
A 10 60 15 75
B 12 120 15 150
C 18 90 27 81
D 8 40 12 48

Answer 1

Explanation:

Calculate price index number for 2016 of following data by weighted aggregative method using (a) Laspeyre's method, ( ...