Homework Answers
Solution:
|
Po |
Qo |
Pt |
Qt |
Po * Qo |
Pt * Qo |
Pt * Qt |
Po * Qt |
|
390 |
5 |
410 |
6 |
1950 |
2050 |
2460 |
2340 |
|
320 |
10 |
380 |
12 |
3200 |
3800 |
4560 |
3840 |
|
200 |
25 |
250 |
24 |
5000 |
6250 |
6000 |
4800 |
|
10150 |
12100 |
13020 |
10980 |
Laspeyres Index:
= (Observation price * Base quantity) / (Base price * Base quantity)
= [sum of Pt * Qo / sum of Po* Q0 ] * 100
= 12100 / 10150 * 100
= 119.212
Paasche index:
= [sum of Pt * Qt / sum of Po* Qt ] * 100
= 13020 / 10980 * 100
= 118.58
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