Question

If Fisher’s index number is 109 and Paasche’s index number is 108, then calculate Laspeyre’s index number.​

Answer 1

Answer:

Laspeyre's Index (L.I.) =110

Paasche's Index (P.I.) =108

Fisher's Ideal Index = √L. I. × P. I.

= √110 × 108

= 108.995 ≈ 109