Fill in the blank : Value Index Number by Weighted Aggregate Method is given by _______. - Mathematics and Statistics

Question

Fill in the blank :

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

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Solution

Value Index Number by Weighted Aggregate Method is given by $\frac{\sum p_{1} q_{1} w}{\sum p_{0} q_{0} w} \times 100$ .

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Types of Index Numbers

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Q 2.06 Q 2.05 Q 2.07

Chapter 5: Index Numbers - Miscellaneous Exercise 5 [Page 91]

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Balbharati Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board

Chapter 5 Index Numbers
Miscellaneous Exercise 5 | Q 2.06 | Page 91

RELATED QUESTIONS

Complete the Correlation:

Price Index : Inflation :: ______ : Agricultural production

Fill in the blank :

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

Fill in the blank :

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

State whether the following is True or False :

$\frac{\sum p_{1}}{\sum p_{0}} \times 100$ is the price Index Number by Simple Aggregate Method.

$\sum \frac{p_{0} q_{0}}{p_{1} q_{1}} \times 100$ is Value Index Number by Simple Aggregate Method.

Solve the following problem :

Find the Quantity Index Number using Simple Aggregate Method.

Commodity	Base year quantity	Current year quantity
A	100	130
B	170	200
C	210	250
D	90	110
E	50	150

Choose the correct alternative:

$\frac{\sum p_{1} q_{1} w}{\sum p_{0} q_{0} w} \times 100$ gives

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

Price Index Number by Weighted Aggregate Method is given by ______

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 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 Value Index Number for the following using Simple Aggregate Method

Commodity	Base Year		Current Year
Commodity	Price	Quantity	Price	Quantity
A	30	13	40	15
B	40	15	70	20
C	10	12	60	22
D	50	10	90	18
E	20	14	100	16

Choose the correct pair :

Group A	Group B
1) Price Index	a) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
2) Value Index	b) $\frac{\sum q_{1}}{\sum q_{0}} \times 100$
3) Quantity Index	c) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
4) Paasche's Index	d) $\frac{\sum p_{1}}{\sum p_{0}} \times 100$

Give an economic term:

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

Identify and explain the concept from the given illustration:

Mihir prepared the share price index number.

Identify and explain the concept from the given illustration:

Pooja collected information regarding a change in the quantity of imports of India from 2019 to 2020 and prepared an index number.

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

There are many types of index numbers.

Choose the correct pair :

	Group A		Group B
1)	Price Index	a)	$\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
2)	Value Index	b)	$\frac{\sum q_{1}}{\sum q_{0}} \times 100$
3)	Quantity Index	c)	$\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
4)	Paasche's Index	d)	$\frac{\sum p_{1}}{\sum p_{0}} \times 100$

Fill in the blank : Value Index Number by Weighted Aggregate Method is given by _______. - Mathematics and Statistics

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Fill in the blank : Value Index Number by Weighted Aggregate Method is given by _______. - Mathematics and Statistics

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