he following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 2009 2011 A 1,500 1,800 7.50 7.55 B 2
he following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 2009 2011 A 1,500 1,800 7.50 7.55 B 2
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.)
Quantity | Unit Price ($) | |||
---|---|---|---|---|
Item | 2009 | 2011 | 2009 | 2011 |
A | 1,500 | 1,800 | 7.50 | 7.55 |
B | 2 | 1 | 650.00 | 1,500.00 |
(a)
Compute price relatives for each item in 2011 using 2009 as the base period.
Item | Price Relative |
---|---|
A | ? |
B | ? |
(b)Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.
I2011 = ??
(c)Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period.
I2011 = ??
(d)Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period.
I2011 = ??
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