You Are Given the Following Information Regarding Four Items

question 18

Essay

You are given the following information regarding four items.
a.Calculate the price relative index for each item, using 2005 as the base year.
b.Calculate the unweighted aggregate price index.
c.Calculate a Laspeyres index.
d.Calculate a Paasche index.
e.Construct a weighted aggregate quantity index using 2005 as the base year and price as the weight.

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Definitions:

Up

An increase or rise in value, level, or quantity.

X-variable

Typically refers to an independent variable in mathematical functions or statistical models, representing an input or cause that might affect an outcome.

Y-variable

A dependent variable in mathematical modeling, statistics, or scientific experiments, typically representing the outcome or result that is influenced by other variables.

Units

Basic measures or quantities, in specific dimensions, used to determine size, quantity, or degree in various contexts.