Q10. From the following data, construct an index for 2016, taking 2011as base by the simple average of price
relative method.

Q10. From the following data, construct an index for 2016, taking 2011as base by the simple average of price
relative method.
Commodities
А
B
E
C с
D
PRICES (in 2011)
40
50
80
20
100
PRICES (in 2016)
20
70
100
60
120​

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Josephine

1 thought on “Q10. From the following data, construct an index for 2016, taking 2011as base by the simple average of price<br />relative method.”

  1. 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

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