The following table reports prices and usage quantities for two items in 2009 and 2011. (Round...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.)
| Quantity | Unit Price ($) | |||
|---|---|---|---|---|
| Item | 2009 | 2011 | 2009 | 2011 |
| A | 1,500 | 1,600 | 8.50 | 6.75 |
| B | 4 | 2 | 630.00 | 1,500.00 |
(a)Compute price relatives for each item in 2011 using 2009 as the base period.
| Item | Price Relative |
|---|---|
| A | |
| B |
(b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.
I2011 =
(c) Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period.
I2011 =
(d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period.
I2011 =
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The following table reports prices and usage quantities for two
items in 2009 and 2011. (Round...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) 2009 2011 Item A B 1,500 1,800 2009 2011 8.50 7.55 630.00 1,500.00 2 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative А B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. 12011...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Unit Price ($) Quantity Item 2009 2011 2009 2011 A 1,400 1,500 8.50 7.55 4 2 650.00 1,400.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period Price Relative Item A unweighted aggregate price index for the two items in 2011 using 2009 as the base period. (b) Compute an I2011 (c)...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 20092011 A 1,500 1,600 8.50...
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I just need help with (c). I posted it earlier and got 188 as the response...
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The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) 2009 2011 Item A B 1,500 1,800 2009 2011 8.50 7.55 630.00 1,500.00 2 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative А B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. 12011...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Unit Price ($) Quantity Item 2009 2011 2009 2011 A 1,400 1,500 8.50 7.55 4 2 650.00 1,400.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period Price Relative Item A unweighted aggregate price index for the two items in 2011 using 2009 as the base period. (b) Compute an I2011 (c)...
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