The Table Below Gives the Prices of Four Items-A, B

question 12

Essay

The table below gives the prices of four items-A, B, C, and D-sold at a store in 2005 and 2010.
a.Using 2005 as the base year, calculate the price relative index for the four items.
b.Calculate an unweighted aggregate price index for these items.
c.Find the Laspeyres weighted aggregate index for these items.
d.Find the Paasche index for these items.
e.Construct a weighted aggregate quantity index using 2005 as the base year and price as the weight.

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Definitions:

Assassination Plot

A plan or conspiracy to murder an important person, often a political leader or public figure, usually for ideological or political reasons.

Exiled Confederates

Refers to members of the Confederate States who fled the United States after the Civil War, often to countries such as Mexico or Brazil, to escape repercussions or continue their lives.

Gender Roles

The societal norms dictating the types of behaviors considered acceptable, appropriate, or desirable for people based on their actual or perceived sex or gender.

White Supremacy

An ideology based on the belief that white people are superior to those of all other races, and therefore should dominate society.