Question

The data below show area of land used (thousand hectares) and value of output S million) of three types of farm crops for a country Area of land used 19X1 1491 2327 144 Value of output 19X1 1482 438 453 Type of 19X0 1441 2330 148 19X0 1431 440 400 19X2 1663 9X2 1635 531 449 cro Wheat Oats 129 Required: (a) Calculate the price (in S million, obtained per thousand hectares) for each (b)Calculate Laspeyre price indices for 19X1 and 19X2 using value of output (c)Calculate Paasche price indices for 19X1 and 19X2 using value of output as type of crop for the three years. as a weighting factor a weighting factor

Answer 1

Price Valuu) Puice 闪hiar 0 Оад 20 62071 2 209662 211 9005 asly025200019 2611982 571 g 2 ! 59,200 65,232 o) Panshe Snun 2209662 tloig 226十65232- 2062071+1025200 t 59200 So, Aash, Sndmatgx1 104-692 20 620 t102S 20o S9 200 25.153

сс uce dun.of [puce a)-obwwaton period. ХВам. imder 431 X I44 44ox 2330 +- 4o48 3 223 14 6 , loo 102-니36 365งา13x100 314 647 6 311