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(a) The following table gives the number employed by each group of employees and the average salary for the groups. Group of Employees 2017 2018

  1. (a) The following table gives the number employed by each group of employees and the

average salary for the groups.

Group

of

Employees

2017

2018

Average

Salary ($000s)

No. Employed

Average

Salary ($000s)

No. Employed

A

130

60

145

75

B

260

40

280

60

C

330

25

340

25

D

780

8

785

10

Calculate the weighted aggregate price index for year 2018 using year 2017 employment pattern (2017 as base year). Interpret the value. (4 marks)

  1. Give your answers to 3 decimal places where necessary in this question.
  1. Quarterly sales (in thousand dollars) of a handbag shop over 4 years are shown in the table. Find the missing values a, b, c, d, e, f, g, h and i (in thousand dollars). (4.5 mark)
  2. x

    Year

    Quarter

    Sales

    4 Quarter-MA

    Seasonal Difference

    1

    2014

    1

    123

    -

    -

    2

    2

    384

    -

    -

    3

    3

    315

    257.125

    57.875

    4

    4

    126

    292.000

    -166.000

    5

    2015

    1

    284

    324.125

    -40.125

    6

    2

    502

    353.250

    148.750

    7

    3

    454

    378.875

    75.125

    8

    4

    220

    421.125

    -201.125

    9

    2016

    1

    395

    477.500

    -82.500

    10

    2

    729

    522.500

    206.500

    11

    3

    678

    a

    f

    12

    4

    356

    b

    g

    13

    2017

    1

    549

    c

    h

    14

    2

    801

    d

    i

    15

    3

    760

    e

    16

    4

    534

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