Question

Group of variables
Q. 3. Solve the following:
1) Calculate Price Index number from the given
data :
B
A
C С
D
(
6
Commodity
Price in 2005 )
Price in 2010 )
24
16.
4
d
8
18
28
6
or from the given​

Answer 1

Answer:

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Answer 2

Answer:

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Step-by-step explanation:

Commodity Prices in 2015

(p0) Prices in 2011

(p1)

A

B

C

D

E 50

40

10

5

2 80

60

20

10

6

∑ p0 = 107 ∑ p1 = 176

p01=

Σp1

Σp0

×100=

176

107

=164.48

Thus, price index is 164.48.