Construct the cost-of-living index number for 2020 on the basis of 2018 from the given data. Advice a donor agency on what а. course action to take if the information is meant to help them make a decision on some food stipend being for a social protection program in Kenya. diti erוחב JWei
Construct the cost-of-living index number for 2020 on the basis of 2018 from the given data. Advice a donor agency on what а. course action to take if the information is meant to help them make a decision on some food stipend being for a social protection program in Kenya. diti erוחב JWei
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 11SCQ: Here is a second hypothesis: A well-funded social safety net may lead to less regulation of the...
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Transcribed Image Text:16:14
G ll l 14%
Construct the cost-of-living index
number for 2020 on the basis of 2018 from the
given data. Advice a donor agency on what
а.
course action to take if the information is meant
to help them make a decision on some food
stipend being for a social protection program in
Kenya.
Commodities
PRICE
Weights
2018
2020
A
200
400
50
200
350
40
C
100
150
65
D
80
120
45
E
60
180
20
90
157.5
60
300
585
100
b.
The average prices and quantities of
six items grown in Nakuru County are shown in
the following table:
2020
2021
QuantityPrice
(Kshs/Kg)(Kg,000) (Kshs/Kg)(Kg,000)
Price
Quantity
Items
Pineapples(A)
10
6.
14
8.
Oranges(B)
Bananas(C)
10
8.
15
14
15
8.
20
16
Beans(D)
30
12
25
20
Wheat(E)
40
15
60
21
Millet(F)
50
10
80
16
II
Transcribed Image Text:16:14 A
Gr ll l 14%
Oranges(B)
10
15
14
Bananas(C)
15
20
16
Beans(D)
30
12
25
20
Wheat(E)
40
15
60
21
Millet(F)
50
10
80
16
Using 2020 as base year, compute Kelly's and
Fishers Price index numbers for 2021. Comment
on the results.
AA
В I
00
00
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