Q10. From the following data, construct an index for 2016, taking 2011as base by the simple average of pricerelative method.CommoditiesАBEC сDPRICES (in 2011)40508020100PRICES (in 2016)207010060120 About the author Josephine
Step-by-step explanation: Industry. Output in 2011-12 Output in 2016-17. Weights(W) 1q1q0×100 1q0×100W (q0) (q1) Mining 120 180 25 150 3750 Electrical Products 200 290 45 145 6525 Manufactured Goods 150 220 30 146.67 4400.1 ΣW=100 14675.1 answer Reply
Step-by-step explanation:
Industry. Output in 2011-12 Output in 2016-17. Weights(W) 1q1q0×100 1q0×100W
(q0) (q1)
Mining 120 180 25 150 3750
Electrical Products 200 290 45 145 6525
Manufactured Goods 150 220 30 146.67 4400.1
ΣW=100 14675.1
answer