Question

From the following data, calculate price index numbers for 2016 with 2011 as base by ideal index method. 6 Commodity 2011 2016 PriceQuantityPriceQuantityA208406B 50 10 60 5 C 40 15 50 15 D 20 20 20 25 ​

Answer 1

Answer:

Items, Price in 2011 (P0), Price in 2016 (P1). A B C D E F, 200 60 350 100 60 ... Calculate the index numbers from the following data using: for 2016 with 2011 as base by ideal index method. 6 ... B Price 20 50 40 20 10. Pricc 40 60 50 20. Quantity 6 5 15 25 15