10.1 The data below show exports and imports for the UK, 19871992, in bn at current prices....
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10.1 The data below show exports and imports for the UK, 1987–1992, in £bn at current prices. 1987 1988 1989 1990 1991 1992 Exports 120.6 121.2 126.8 133.3 132.1 135.5 Imports 122.1 137.4 147.6 148.3 140.2 148.3
(a) Construct index number series for exports and imports, setting the index equal to 100 in 1987 in each case.
(b) Is it possible, using only the two indices, to construct an index number series for the balance of trade? If so, do so; if not, why not?
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Related Book For 
Statistics For Economics Accounting And Business Studies
ISBN: 9780273743286
5th Edition
Authors: Mr Michael Barrow
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