Question

A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Shipments Commodity 2000 2015 Price/Shipment 2000 A 115 95 $1,200 B 88 75 $1,800 с 40 55 $2,000 D 60 70 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) 1 2015 Comment on the growth or decline in quantities over the 2000-2015 period. Quantities are up substantially, by more than 5%. Quantities are up slightly, by less than 5%. Quantities are down slightly, by less than 5%. Quantities are down substantially, by more than 5%.

Answer 1

Solo from the given table formula for weighted written below aggregate quantity index is It= Edithi xloo { die Wi Izas 9511200) f25 ( 1 fuo) + ss(2000) + 70(1500) lis( 1200) +886 1800) +401 2000) + 601 1500) Xyoo 99.4854 ~ 100 Izols = 100 Quantities are down slightly by less. Hon s.), CS Scanned with CamScanner

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