Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board.
Chapter 6. INDEX NUMBERS
5. Calculate Paasche's index from the given data:
Solution: -
Paasche's index = p1q1/p0q1
∑p1q1/∑p0q1×100
= 620/360×100
= 172.22
Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board.
Chapter 6. INDEX NUMBERS
5. Calculate Paasche's index from the given data:
Commodity | Base year | current year | ||
Price | Quantity | Price | Quantity | |
X | 8 | 30 | 12 | 25 |
Y | 10 | 42 | 20 | 16 |
Solution: -
Commodity | Base year | Current year |
|
| ||
p0 | q0 | p1 | q1 | p1q1 | p0q1 | |
X | 8 | 30 | 12 | 25 | 300 | 200 |
Y | 10 | 42 | 20 | 16 | 320 | 160 |
Total |
|
|
|
| 620 | 360 |
Paasche's index = p1q1/p0q1
∑p1q1/∑p0q1×100
= 620/360×100
= 172.22