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2. Calculate a fixed weight price index for years 2 and 3 in a three-good economy where year one is the base year. Good
2. Calculate a fixed weight price index for years 2 and 3 in a three-good economy where year one is the base year. Good Year 1 Year 2 Year 3 PQ P Q P Q Good 1 0.30 10 1.00 5 1.50 7 Good 2 0.40 5 0.60 10 1.20 8 Good 3 0.50 8 0.80 10 1.00 15
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To calculate a fixed weight price index we need to first calculate the total expenditure on each goo...
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
