From the Information Provided Below, Calculate the Laspeyres and Paasche

question 44

Essay

From the information provided below, calculate the Laspeyres and Paasche price indexes. $$\begin{array} { c c c c c } & \text { Quantity of X } & \text { Price of X } & \text { Quantity of } Y & \text { Price of } Y \\1990 \text { (base) } & 2 & \$ 1 & 2 & \$ 2 \\1991 & 1 & \$ 2 & 3 & \$ 3\end{array}$$

---

Definitions:

Scientific Activity

The systematic pursuit of knowledge involving the observation, identification, description, experimental investigation, and theoretical explanation of phenomena.

Aesthetic Environment

An environment or space designed with the purpose of being pleasing or stimulating to the senses, particularly through beauty or art.

Nutritious Meals

Food options that are well balanced and provide essential nutrients for the body to maintain health and proper functioning.

Cultivating Awareness

The process of enhancing self-awareness and mindfulness in healthcare professionals to improve patient care.