The Following Data on Prices and Quantities for the Years

question 137

Essay

The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c } \text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \\\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \\\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \\\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12\end{array}$$
-Calculate the aggregate price index.

---

Definitions:

Vijayanagar Empire

A prominent South Indian empire known for its wealth, strength, and patronage of the arts and architecture, flourishing between the 14th and 17th centuries.

Great Temple

A term that can refer to any significant religious structure or building deemed important due to its size, history, or spiritual significance.

Madurai

An ancient city in the southern Indian state of Tamil Nadu, known for the Meenakshi Amman Temple and its rich cultural heritage and history.

Divine Being

A supernatural entity considered to possess godly powers or qualities, worshipped or revered in various religions.