Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 6. INDEX NUMBERS
4. Calculate Laaspeyre's index from the given data:
Solution: -
Laaspeyre's index = p1q0/p0q0 * 100
∑p1q0/∑p0q0×100
= 1200/660×100
= 181.81
Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 6. INDEX NUMBERS
4. Calculate Laaspeyre'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 | p1q0 | p0q0 | |
X | 8 | 30 | 12 | 25 | 360 | 240 |
Y | 10 | 42 | 20 | 16 | 840 | 420 |
Total |
|
|
|
| 1200 | 660 |
Laaspeyre's index = p1q0/p0q0 * 100
∑p1q0/∑p0q0×100
= 1200/660×100
= 181.81