Answered step by step
Verified Expert Solution
Question
1 Approved Answer
GDP Growth Calculation Information 2020 2021 2022 Commodity weights Price Quantity Price Quantity Price Quantity A 12% R 1,485.00 726 R 1,497.00 1423 R 1,698.00
GDP Growth Calculation Information
2020 | 2021 | 2022 | |||||
Commodity | weights | Price | Quantity | Price | Quantity | Price | Quantity |
A | 12% | R 1,485.00 | 726 | R 1,497.00 | 1423 | R 1,698.00 | 1949 |
B | 17% | R 1,110.00 | 132 | R 1,077.00 | 137 | R 1,497.00 | 180 |
C | 54% | R 311.00 | 770 | R 724.00 | 559 | R 379.00 | 489 |
D | 7% | R 1,644.00 | 1412 | R 881.00 | 1660 | R 882.00 | 1075 |
E | 4% | R 1,185.00 | 1321 | R 1,720.00 | 795 | R 2,718.00 | 560 |
F | 6% | R 521.00 | 728 | R 836.00 | 1624 | R 1,019.00 | 799 |
Calculate :
1. Basic Expenditure index for 2021
2. Basic Expenditure index for 2022
3. Laspeyre's index for 2021
4. Laspeyre's index for 2022
5. Paasche's index for 2021
6. Paasche's index for 2022
Step by Step Solution
★★★★★
3.46 Rating (146 Votes )
There are 3 Steps involved in it
Step: 1
SOLUTION To calculate the requested indices we need to understand the formulas for each index 1 Basic Expenditure Index BEI BEI Pricebase Quantitycurrent Pricebase Quantitybase 100 2 Laspeyres Index L...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started