Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 6. INDEX NUMBERS
2. Calculate Quantity Index number from the given data:
SOLUTION: -
Quantity Index Number = q1/q0 * 100
480/820 *100
58.54.
Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 6. INDEX NUMBERS
2. Calculate Quantity Index number from the given data:
Commodity | P | Q | R | S | T |
Base year quantities | 170 | 150 | 100 | 195 | 205 |
Current year quantities | 90 | 70 | 75 | 150 | 95 |
SOLUTION: -
Commodity | Base year quantities q0 | Current year quantities q1 |
P | 170 | 90 |
Q | 150 | 70 |
R | 100 | 75 |
S | 195 | 150 |
T | 205 | 95 |
Total | ∑q0 = 820 | ∑q1 = 480 |
Quantity Index Number = q1/q0 * 100
480/820 *100
58.54.