Advertisements
Advertisements
प्रश्न
Calculate price index number for 2005 by (a) Laspeyre’s (b) Paasche’s method
| Commodity | 1995 | 2005 | ||
| Price | Quantity | Price | Quantity | |
| A | 5 | 60 | 15 | 70 |
| B | 4 | 20 | 8 | 35 |
| C | 3 | 15 | 6 | 20 |
उत्तर
| Commodity | 1995 (Base year) |
2005 (Current year) |
p0q0 | p0q1 | p1q0 | p1q1 | ||
| p0 | q0 | p1 | q1 | |||||
| A | 5 | 60 | 15 | 70 | 300 | 350 | 900 | 1050 |
| B | 4 | 20 | 8 | 35 | 80 | 140 | 60 | 280 |
| C | 3 | 15 | 6 | 20 | 45 | 60 | 90 | 120 |
| Total | `sum"p"_0"q"_0` = 425 | `sum"p"_0"q"_0` = 550 | `sum"p"_1"q"_0` = 1150 | `sum"p"_1"q"_1` = 1450 | ||||
(a) Laspeyre’s price index number
`"P"_01^"L" = (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`
= `1150/425 xx 100`
= 270.6
(b) Passche's price index
`"P"_01^"P" = (sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100`
= `2230/550 xx 100`
= 405.5
APPEARS IN
संबंधित प्रश्न
Features of index numbers:
- It is useful in framing suitable economic policies.
- It is useful to present financial data in real terms
- Index numbers are statistical devices.
- Index numbers are specialized averages.
Construct Quantity index number from the given data:
| Commodity | A | B | C | D | E |
| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
Explain Paasche’s price index number
State the uses of cost of Living Index Number
Choose the correct alternative:
Cost of living at two different cities can be compared with the help of
Choose the correct alternative:
Most commonly used index number is:
Choose the correct alternative:
Consumer price index are obtained by:
Choose the correct alternative:
While computing a weighted index, the current period quantities are used in the:
Compute the consumer price index for 2015 on the basis of 2014 from the following data.
| Commodities | Quantities | Prices in 2015 | Prices in 2016 |
| A | 6 | 5.75 | 6.00 |
| B | 6 | 5.00 | 8.00 |
| C | 1 | 6.00 | 9.00 |
| D | 6 | 8.00 | 10.00 |
| E | 4 | 2.00 | 1.50 |
| F | 1 | 20.00 | 15.00 |
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
