00:01
Hello, let's have a look at the question.
00:04
So here we have for the first part, commodity, then we have the price for the year 2000 and the price for the year 2006.
00:18
So now here let us take the commodity 1 and price is 400 and here it is 460.
00:26
Then commodity 2s we have here 800 and 1000.
00:32
For third we have 300 and 350 then for fourth we have 4 ,000 and 5 ,000 then for fifth commodity we have 250 and here we have 300 so now let us find the total so for 2000 we have the total we have the price total of 2006 we have 7 ,110.
01:06
So now here the simple aggregate price index is equals to 7 ,110 divided by 575 and multiplied by 100 that is equals to 123 .65.
01:33
Now for the second part here we have the commodity one again here.
01:40
So here we have 1, 2, 3, 4 and 5.
01:46
Then here we will take the relative price, which will be 1 ,000 price divided by 2 ,000 price.
02:02
So here we have 460 divided by 400 that is equals to 1 .15.
02:10
Then we have 1000 divided by 800 equals to 1 .15.
02:15
1 .25 then we have 350 divided by 300 that is equals to 1 .17 then 5 ,000 divided by 4 ,000 that is equals to 1 .25 and 300 divided by 250 that is equals to 1 .20.
02:38
So here on calculating the average we will get 1 .20.
02:45
So therefore here we can can say that simple average relative price index will be equals to 1 .20 multiplied by 100 that is equals to 120.
03:05
Now for the third part let us take p0 and p n be the price in 2000 and 2006 respectively.
03:19
Q0 and qn be the quantity in 2000 and 2006 respectively.
03:25
So now for the a part we have the lespares index which is equals to submission of pn and q0 divided by submission of p0 and q0 and multiplied by 100.
03:43
So now here let us again construct the table.
03:47
So we have commodity then we have p0 q0 pn and then p0 q0 and pn q0 and pn q0.
04:01
So for first we have 400 then this will be 35 pn is 460 so this will be 14 ,000 16 ,100.
04:14
Then for second commodity we have 800 then 10 then we have thousand.
04:20
Then this will be 8 ,000 and this will be 10 ,000 then for a commodity 3 we have 350, 350 then this will be 4 ,500 and 5 ,250.
04:39
Now for the fourth commodity we have 4 ,000, then this is 10 then here we have 5 ,000 so now this will be equals to 40 ,000 and this will be 50 ,000.
04:55
Now for fifth commodity we have 250, 20, 300...