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Price Index Number by Weighted Aggregate Method is given by ______ - Mathematics and Statistics

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प्रश्न

Price Index Number by Weighted Aggregate Method is given by ______

रिक्त स्थान भरें

उत्तर

`(sum"p"_1"w")/(sum"p"_0"w") xx 100`

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अध्याय 2.5: Index Numbers - Q.2

संबंधित प्रश्न

Choose the correct alternative :

Price Index Number by Simple Aggregate Method is given by


`sum ("p"_0"q"_0)/("p"_1"q"_1) xx 100` is Value Index Number by Simple Aggregate Method.


Solve the following problem :

Find the Value Index Number using Simple Aggregate Method.

Commodity Base Year Current Year
  Price Quantity Price Quantity
I 20 42 22 45
II 35 60 40 58
III 50 22 55 24
IV 60 56 70 62
V 25 40 30 41

Explain the types of index numbers.


Quantity Index Number by Weighted Aggregate Method is given by ______.


State whether the following statement is True or False:

`sum("q"_1)/("q"_0) xx 100` is the Quantity Index Number by Simple Aggregate Method


Find Quantity Index Number using Simple Aggregate method

Commodity A B C D E
Base year Quantity 170 150 100 195 205
Current year Quantity 90 70 75 150 95

Calculate Quantity Index Number using Simple Aggregate method

Commodity I II III IV V
Base year Quantity 140 120 100 200 225
Current year Quantity 100 80 70 150 185

Find Price Index Number using Simple Aggregate method by taking 2000 as base year

Commodity Price (in ₹) for
year 2000
Price (in ₹) for
year 2007
Watch 900 1,475
Shoes 1,760 2,300
Sunglasses 60 1,040
Mobile 4,500 8,500

Find x from following data if the Value Index Number is 200.

Commodity Base Year Current Year
Prive Quantity Price Quantity
A 10 10 20 10
B 8 20 22 15
C 2 x 8 10
D 9 10 16 10
E 5 6 3 10

Choose the correct pair :

Group A Group B
1) Price Index a) `(sum p_1q_1)/(sum p_0q_0) xx 100`
2) Value Index b) `(sum q_1)/(sum q_0) xx 100`
3) Quantity Index c) `(sum p_1q_1)/(sum p_0 q_1) xx 100`
4) Paasche's Index d) `(sum p_1)/(sum p_0) xx 100`

Calculate the price index number for the given data.

Commodity A B
Price in 2020 (₹) 20 30
Price in 2021 (₹) 40 40

State with reason whether you agree or disagree with the following statement:

The quantity index number is one type of index number.


Identify and explain the concept from the given illustration:

Mihir prepared the share price index number.


Explain the meaning of the Price Index Number.


Choose the correct pair :

Group A Group B
1) Price Index a)

`(sump1q1)/(sump0q0)xx100`

2) Value Index b) `(sumq1)/(sumq0)xx100`
3) Quantity Index c) `(sump1q1)/(sump0q1)xx100`
4) Paasche's Index d) `(sump1)/(sump0)xx100`

State with reasons whether you agree or disagree with the following statement.

There are many types of index numbers.


Observe the following table and answer the questions given below it:

Commodities Prices in 2006 (in ₹) (Base Year) P0 Prices in 2006 (in ₹) (Current Year) P1
A 20 30
B 30 45
C 40 60
D 50 75
E 60 90

Questions:

  1. Write the formula for calculation of price index.
  2. Find the value of ∑P0 and ∑P1.
  3. Find the price index P01.

Choose the correct pair :

  Group A   Group B
1) Price Index a) `(sump_1q_1)/(sump_0q_0) xx 100`
2) Value Index b) `(sumq_1)/(sumq_0) xx 100`
3) Quantity Index c) `(sump_1q_1)/(sump_0q_1) xx 100`
4) Paasche's Index d) `(sump_1)/(sump_0) xx 100`

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