d) Paasche price index e) Fisher Price Index f) Relative weighted average of prices

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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Price

2003

Amount

2003

Price

2006

Amount

2006

 

nails

(dozen)

$2.49 6 $2.69 6  
wire(kg) $3.29 4 $3.59 5  
wire rod(kg) $1.59 2 $1.79 3  
rings(pzas) $1.79 3 $2.29 4

The data are the prices in pesos of a group of products used in the housing construction industry and the quantities consumed in the years 2003 and 2006
Based on the year 2003, determine:
a) Simple indexes of prices, quantity and value of rings
b) Simple wire price, quantity and value indices
c) Laspeyres price index
d) Paasche price index
e) Fisher Price Index
f) Relative weighted average of prices

thank you, I only need the d, e, f.

 

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