Unit 6 - question
- From the following data compute the fisher’s price index.
|
| Base year | Current year | ||
Commodity |
| Price | Quantity | Price | Quantity |
A |
| 1 | 6 | 5 | 8 |
B |
| 2 | 7 | 4 | 7 |
C |
| 3 | 8 | 3 | 6 |
D |
| 4 | 9 | 2 | 5 |
2. Find the index number using simple aggregative method
Commodity | Price in base year 2007 | Price in current year 2011 |
A | 15 | 25 |
B | 40 | 60 |
C | 10 | 20 |
D | 25 | 40 |
3. The index of the year2012 taking 2011as the base year from the data given below by using average of price relative method
Commodity | A | B | C | D | E |
Price in 2011 | 115 | 108 | 95 | 80 | 90 |
Price in 2012 | 125 | 117 | 108 | 95 | 95 |
4. Construct price index number from the following data by applying Laspeyere’ s Method
Commodity | Price 2000 | Quantity 2000 | Price 2001 | Quantity 2001 |
A | 2 | 8 | 5 | 5 |
B | 5 | 12 | 6 | 10 |
C | 4 | 15 | 5 | 12 |
D | 2 | 18 | 4 | 20 |
5. Construct price index number from the following data by applying(Paasche’ s Method)
Commodity | Price 2000 | Quantity 2000 | Price 2001 | Quantity 2001 |
A | 2 | 8 | 4 | 5 |
B | 5 | 12 | 6 | 10 |
C | 4 | 15 | 5 | 12 |
D | 2 | 18 | 4 | 20 |
6. Taking 1999 as base year calculate index number of the year 2004
Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 |
Price | 10 | 14 | 16 | 20 | 22 | 24 |
7. Construct price index number from the following data by applying(Fisher’ s ideal Method
Commodity | Price 2001 | Quantity 2001 | Price 2002 | Quantity 2002 |
A | 2 | 8 | 4 | 5 |
B | 5 | 12 | 6 | 10 |
C | 4 | 15 | 5 | 12 |
D | 2 | 18 | 4 | 20 |
8. Compute the weighted index number for the following data.
Commodity | Price current year | Price base year | Weight |
A | 5 | 4 | 60 |
B | 3 | 2 | 50 |
C | 2 | 1 | 30 |
9. From the data given below, find Paasche’s price index:
Commodity | Base year | Base year | Current year | Current year |
| Price | Quantity | Price | Quantity |
A | 4 | 2 | 6 | 3 |
B | 3 | 5 | 2 | 1 |
C | 8 | 2 | 4 | 6 |
10. Find index number for year 2005 taking 2000 as the base year from the following data by simple average of price relative method
COMMODITY | A | B | C | D | E | F |
PRICE 2000 | 100 | 80 | 160 | 220 | 40 | 60 |
PRICE 2005 | 140 | 120 | 180 | 240 | 50 | 100 |