QUESTION SIX

The following table relates to prices and quantities of three fuels over two years:

$\backslash$table$[[$FUEL$,2017,2018,],[$PRICE$,$QUANTITY,PRICE,QUANTITY$],[$Unleaded Petrol,$17,100,19,80],[$Low sulphur Diesel,$18,150,15,120],[$Ordinary Diesel,$15,180,17,150],[$Jet fuel,$25,250,28,200]]$

Take $2017$ as the base year

Calculate the following:

$($i$)$ Aggregate Price Index.

$(4$ marks$)$

$($ii$)$ Average Price Relative $(4$ marks$)$

$($iii$)$ Weighted Average Price Relative using $2017$ Quantities as base quantities

$(4$ marks$)$

$($iv$)$ A Laspeyre's price index.

$(4$ marks$)$

$($v$)$ A Paasche's price index.

$(4$ marks$)$

$[$Total: $20$ marks$]$