Calculate price index number of the year 1996 with 1986 as base year from the following data by using (i) Laspeyres (ii) Passches (iii) Fishers formula Commodity 1986 unit price A KG 10 B KG 12 C METER 15 D PACKETS 9 value quantity value 1500 160 1760 1080 100 1300 900 60 960 450 40 480
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- Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 10018. The following are the index numbers of wholesale prices of a commodity based on 2011: Year Index Numbers Year Index Numbers 2011 2012 100 1102013 150 210 225 240 2015 2016 100 108 120 150 2017 2014S Prepare new Index Numbers taking 2013 as base.The price of wheat (per kg) is given for the vears 1964 to 1973. Calculate simple index numbers using insmeo i) 1964 as base year ii) average of the prices for the first five years as base iii) average of the prices of all the 10 years as base Year Price (Rs.) Year 1969 Price (Rs.) 27 1964 1965 1966 20 28 18 23 1970 1971 30 1967 32 24 25 1972 1973 1968 33
- B3. The following table shows the gold prices in recent 4 years: Price Index (USS per ounce) (Base 2018) I2018 =? Price Year 2018 1328 2019 2020 1294 Iz019 =? 1562 I2020 =? 2021 I2021 =? 1949 (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.According to data given in the table, to use index system to analyze the effect price and sales volume variation put on sales value. Unit price (yuan) Commodity's Measurement unit Sales volume name 2017 year 2018 year 2017 year 2018 year Knitting wool kg 400 400 44.6 48.5 Cotton 850 900 7.5 8.2 Leather shoes pair 700 760 88.0 105The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2015. Prices and Quantities Year 2015 2016 2017 2018 Price of Cereal $4.00 $4.00 $5.00 $6.00 Quantity of Cereal 100 120 150 180 Refer to Table 23-5. In 2017, this country's Price of Milk $1.50 $2.00 $2.50 $3.50 O real GDP was $1250, and the GDP deflator was 138.9. O real GDP was $1250, and the GDP deflator was 128.0. O real GDP was $900, and the GDP deflator was 138.9. O real GDP was $900, and the GDP deflator was 128.0. Quantity of Milk 180 200 200 240
- Consumer Price Index SETTINGS 1960 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 Price Then ($) Price Now ($) GRAPH 1960 Year 1965 1970 1975 Show Transcribed Text 10.00 10.00 1984 1980 Reset 2016 1982-1984 = 100.00 1984 1985 1990 PRICE CALCULATIONS CPI = 105.30 1984 Price Then $10.00 1995 2000 Price Now $4.39 (CPI data not seasonally adjusted. Source: BLS) $22.79 O No, because the real value of her hourly wage has stayed the same. O No, because the real value of her hourly wage has fallen from $27.81 to $25.11. O Yes, because the real value of her hourly wage has risen from $25.11 to $27.81. O Yes, because she is earning more dollars per hour. $10.00 Year 2005 2010 2015 2020 a) How much would a worker have to be paid per hour in 2016 to keep her real wage the same as in 1980 if she earned $10 per hour in 1980? Instructions: Round your answer to two decimal places. $ b) A worker earned $10 a hour in 1980 and $14 an hour in 1990. Using the interactive tool to convert each of…Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price indexfor 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.b. Construct price index number using Laspeyre's Method Year 2015 Quantity 160 Year 2014 Quantity Price Commodity Price 20 Rice Sugar 100 28 11 18 30 37 Salt 1 1 12 Milk 8 57 32 149
- With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.Calculate the following values for the permutations and combinations. a. P b. På 4 C. Co d. C 3/1 e. C1⁰ 10Calculate the price index number from the following data by simple aggregative method. Commodities A B D E Price in 2075 125 105 260 150 250 Price in 2076 125 155 250 160 300