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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Find values x and y if the Price Index Number by Simple Aggregate Method by taking 2001 as base year is 120, given ∑p1 = 300. Commodity A B C D Price (in ₹) in 2001 90 x 90 30 Price (in ₹) in 2004 95 - Mathematics and Statistics

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प्रश्न

Find values x and y if the Price Index Number by Simple Aggregate Method by taking 2001 as base year is 120, given `sum"p"_1` = 300.

Commodity A B C D
Price (in ₹) in 2001 90 x 90 30
Price (in ₹) in 2004 95 60 y 35
तक्ता
बेरीज

उत्तर

Commodity Price (in ₹)
in 2001: p0
Price (in ₹)
in 2004: p1
A 90 95
B x 60
C 90 y
D 30 35
Total x + 210 y + 190

From the table, `sum"p"_0` = x + 210, `sum"p"_1` = y + 190

Given that `sum"p"_1` = 300

∴ y + 190 = 300

∴ y = 300 – 19

∴ y = 110

Price Index Number (P01) = `(sum"p"_1)/(sum"p"_0) xx 100`

120 = `300/(x + 210) xx 100`

∴ x + 210 = `(300 xx 100)/120`

∴ x + 210 = 250

∴ x = 250 – 210

∴ x = 40

∴ x = 40 and y = 110

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पाठ 2.5: Index Numbers - Q.4

संबंधित प्रश्‍न

Complete the Correlation:

Price Index : Inflation :: ______ : Agricultural production


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


Fill in the blank :

Price Index Number by Simple Aggregate Method is given by _______.


Fill in the blank :

Quantity Index Number by Simple Aggregate Method is given by _______.


Fill in the blank :

Value Index Number by Simple Aggregate Method is given by _______.


Fill in the blank :

Value Index Number by Weighted Aggregate Method is given by _______.


Solve the following problem :

Find the Price Index Number using Simple Aggregate Method. Consider 1980 as base year.

Commodity Price in 1980 (in ₹) Price in 1985 (in ₹)
I 22 46
II 38 36
III 20 28
IV 18 44
V 12 16

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

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


State whether the following statement is True or False:

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


Find Price Index Number using Simple Aggregate method by taking 2005 as base year.

Commodity P Q R S T
Price in 2005 (in ₹) 10 25 14 20 30
Price in 2015 (in ₹) 32 40 20 45 70

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
A. Price Index (a) `(sump_1q_1)/(sump_0q_0) xx 100`
B. Value Index (b) `(sumq_1)/(sumq_0) xx 100`
C. Quantity Index (c) `(sump_1q_1)/(sump_0q_1) xx 100`
D. Paasche's Index (d) `(sump_1)/(sump_0) xx 100`

The Price Index Number for year 2004, with respect to year 2000 as base year. is known to be 130. Find the missing numbers in the following table if ∑p0 = 320

Commodity A B C D E F
Price (in ₹) in 2000 40 50 30 x 60 100
Price (in ₹) in 2000 50 70 30 85 y 115

Give an economic term:

An index number measuring the general changes in the prices of goods over a period of time.


Explain the meaning of the Price Index Number.


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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