Question

Given that£p1q1=250,£p0q0=150, Paasch's index no.=150,Dorbish-bowley 's index no.=145. Find out (a) fisher's ideal index no.and(b) Marshal-Edgeworth's index no.

Answer 1

Answer:

Simple Happiness index (SHI) of a country is computed on the basis of three parameters: social support (S), freedom to life choices (F) and corruption perception (C). Each of these three parameters is measured on a scale of 0 to 8 (integers only). A country is then categorized based on the total score obtained by summing the scores of ail the three parameters, as shown in the following table: