Exercise 31) The table below gives the price and consumption (usage/sales) for two products x andy for four years. Using year 2000 as the base year calculate for each year, theb) Laspeyers price index, andQuantity x, q,a) Basic expenditure indexYearc) Paasche price indexQuantity y, q,Price ofPrice of y, Pyх, р,2000R4R332001R56.R46.R5R72002R6442003R6442) Below is a table of items consumed in a hotel for three years together with the averageprice of each item for each of the three years. Using 2003 as the base year, calculate foreach subsequent year, thea) Basic expenditure index b) Laspeyers price index, and c) Paasche price indexd) Laspeyers volume index e) Paasche volume indexItem200320042005Quantity | Price (R)3.95QuantityPrice (R)QuantityPrice (R)Milk292031004.1032104.10Bread21903.6022303.8022004.00Eggs (each)0.607.2014.0016425175630.60178900.65Butter7306807.706508.30Cheese1135108614.9115016.00Margerine15746.8017007.2017207.50

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Exercise 3 1) The table below gives the price and consumption (usage/sales) for two products x and y for four years. Using year 2000 as the base year calculate for each year, the b) Laspeyers price index, and Quantity x, q, a) Basic expenditure index Year c) Paasche price index Quantity y, q, Price of Price of y, Py х, р, 2000 R4 R3 3 2001 R5 R4 6. 2002 R6 R5 4 2003 R6 R7 4 644

Exercise 3 1) The table below gives the price and consumption (usage/sales) for two products x and y for four years. Using year 2000 as the base year calculate for each year, the b) Laspeyers price index, and Quantity x, q, a) Basic expenditure index Year c) Paasche price index Quantity y, q, Price of Price of y, Py х, р, 2000 R4 R3 3 2001 R5 R4 6. 2002 R6 R5 4 2003 R6 R7 4 644

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...

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Please answer correct calculation asap plz send Kara