# Solve the following: Calculate Paasche's index from the given data: Commodity Base year current year Price Quantity Price Quantity X 8 30 12 25 Y 10 42 20 16 - Economics

Numerical

Solve the following:

Calculate Paasche's index from the given data:

 Commodity Base year current year Price Quantity Price Quantity X 8 30 12 25 Y 10 42 20 16

#### Solution

 Commodity Base year Current year p0 q0 p1 q1 p1q1 p0q1 X 8 30 12 25 300 200 Y 10 42 20 16 320 160 Total 620 360

Paasche's index = (∑"p"_1"q"_1)/(∑"p"_0"q"_1)xx100

= 620/360xx100

= 172.22

Concept: Construction of Index Numbers
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#### APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 3. (4) | Page 60
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