Advertisements
Advertisements
Question
Choose the correct alternative :
Marshall-Edgeworth’s Price Index Number is given by
Options
`(sum"p"_1("q"_0 + "q"_1))/(sum"p"_0("q"_0 + "q"_1)) xx 100`
`(sum"p"_0("q"_0 + "q"_1))/(sum"p"_1("q"_0 + "q"_1)) xx 100`
`(sum"q"_1("p"_0 + "p"_1))/(sum"q"_1("p"_0 + "p"_1)) xx 100`
`(sum"q"_0("p"_0 + "p"_1))/(sum"q"_1("p"_0 + "p"_1)) xx 100`
Solution
Marshall-Edgeworth’s Price Index Number is given by `(sum"p"_1("q"_0 + "q"_1))/(sum"p"_0("q"_0 + "q"_1)) xx 100`.
APPEARS IN
RELATED QUESTIONS
Calculate Walsh’s Price Index Number.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| L | 4 | 16 | 3 | 19 |
| M | 6 | 16 | 8 | 14 |
| N | 8 | 28 | 7 | 32 |
Calculate Walsh’s Price Index Number.
| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| I | 10 | 12 | 20 | 9 |
| II | 20 | 4 | 25 | 8 |
| III | 30 | 13 | 40 | 27 |
| IV | 60 | 29 | 75 | 36 |
Given that ∑ p0q0 = 220, ∑ p0q1 = 380, ∑ p1q1 = 350 and MarshallEdgeworth’s Price Index Number is 150, find Laspeyre’s Price Index Number.
Find x in the following table if Laspeyre’s and Paasche’s Price Index Numbers are equal.
| Commodity | Base Year | Current year | ||
| Price | Quantity | Price | Quantity | |
| A | 2 | 10 | 2 | 5 |
| B | 2 | 5 | x | 2 |
If Laspeyre's Price Index Number is four times Paasche's Price Index Number, then find the relation between Dorbish-Bowley's and Fisher's Price Index Numbers.
Choose the correct alternative :
The price Index Number by Weighted Aggregate Method is given by ______.
Choose the correct alternative :
Fisher’s Price Number is given by
State whether the following is True or False :
`(1)/(2)[sqrt((sum"p"_1"q"_0)/(sum"p"_0"q"_0)) + sqrt("p"_1"q"_1)/(sqrt("p"_0"q"_1))] xx 100` is Fisher’s Price Index Number.
`(sum"p"_0sqrt("q"_0"q"_1))/(sum"p"_1sqrt("q"_0"q"_1)) xx 100` is Walsh’s Price Index Number.
Solve the following problem :
Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.
| Commodity | Base year | Current year | ||
| Price p0 |
Quantity q0 |
price p1 |
Quantity q1 |
|
| A | 20 | 18 | 30 | 15 |
| B | 25 | 8 | 28 | 5 |
| C | 32 | 5 | 40 | 7 |
| D | 12 | 10 | 18 | 10 |
If Laspeyre’s and Dorbish’s Price Index Numbers are 150.2 and 152.8 respectively, find Paasche’s Price Index Number.
Choose the correct alternative:
Price Index Number by using Weighted Aggregate Method is given by
Choose the correct alternative:
Walsh's Price Index Number is given by
State whether the following statement is True or False:
`(sum"p"_0sqrt("q"_0 + "q"_1))/(sum"p"_1sqrt("q"_0 + "q"_1)) xx 100` is Marshall-Edgeworth Price Index Number
State whether the following statement is True or False:
`[sqrt((sum"p"_1"q"_1)/(sum"p"_0"q"_1)) + (sumsqrt("q"_0"q"_1))/(sum("p"_0 + "p"_1))] xx 100` is Fisher’s Price Index Number.
If `sum"p"_0"q"_0` = 150, `sum"p"_0"q"_1` = 250, `sum"p"_1"q"_1` = 375 and P01(L) = 140. Find P01(M-E)
State whether the following statement is true or false:
Dorbish-Bowley's Price Index Number is the square root of the product of Laspeyre's and Paasche's Index Numbers.
In the following table, Laspeyre's and Paasche's Price Index Numbers are equal. Complete the following activity to find x :
| Commodity | Base Year | Current year | ||
| Price | Quantity | Price | Quantity | |
| A | 2 | 10 | 2 | 5 |
| B | 2 | 5 | x | 2 |
Solution: P01(L) = P01(P)
`(sum "p"_1"q"_0)/(sum "p"_0"q"_0) xx 100 = square/(sum "p"_0"q"_1) xx 100`
`(20 + 5x)/square xx 100 = square/14 xx 100`
∴ x = `square`
