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Consider the following table: Year 1990 1995 2000 2005 Quantity/Price Quantity Price Quantity Price Quantity Price Quantity Price Good 1 88 20 95 19 105
Consider the following table:
Year | 1990 | 1995 | 2000 | 2005 | ||||
---|---|---|---|---|---|---|---|---|
Quantity/Price | Quantity | Price | Quantity | Price | Quantity | Price | Quantity | Price |
Good 1 | 88 | 20 | 95 | 19 | 105 | 23 | 111 | 25 |
Good 2 | 30 | 37 | 33 | 36 | 64 | 42 | 53 | 46 |
Good 3 | 67 | 9 | 61 | 11 | 87 | 22 | 95 | 24 |
Total value | 3473 | 3664 | 7017 | 7493 |
Answer the following questions.Round your answers to the nearest first decimal.
a)Compute the 1995 Laspeyres quantity index base 100 = 2005.
b)Compute the 2005 Laspeyres price index base 100 = 1995.
c)Compute the 1990 Paasche quantity index base 100 = 1995.
d)Compute the 2005 Paasche price index base 100 = 1990.
e)Compute the 1990 Fisher price index base 100 = 2000.
f)Compute the 2000 chained Fisher price index base 100 = 1990.
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