Question

Q10. From the following data, construct an index for 2016, taking 2011as base by the simple average of price
relative method.
Commodities
А
B
E
C с
D
PRICES (in 2011)
40
50
80
20
100
PRICES (in 2016)
20
70
100
60
120​

Answer 1

Step-by-step explanation:

Industry. Output in 2011-12 Output in 2016-17. Weights(W) 1q1q0×100 1q0×100W

(q0) (q1)

Mining 120 180 25 150 3750

Electrical Products 200 290 45 145 6525

Manufactured Goods 150 220 30 146.67 4400.1

ΣW=100 14675.1

answer