Consider the following table, which reports the sale (quantity in 1,000s) of homes by region for 2007,

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Consider the following table, which reports the sale (quantity in 1,000s) of homes by region for 2007, 2008, and 2009.

Consider the following table, which reports the sale (quantity in

Use this information, along with the price data provided in Exercise 20, to
a. Compute and interpret the Laspeyres aggregate home price index for the U.S.
b. Compute and interpret the Paasche aggregate home price index for the U.S.
c. Comment on the differences between the two indices?

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