The following table reports prices and usage quantities for two
items in 2009 and 2011. (Round your answers to the nearest
integer.)
Quantity
Unit Price ($)
Item
2009
2011
2009
2011
A
1,400
1,500
7.50
7.45
B
4
2
630.00
1,400.00
(a)
Compute price relatives for each item in 2011 using 2009 as the
base period.
Item
Price Relative
A
B
(b)
Compute an unweighted aggregate price index for the two items in
2011 using 2009 as the base period.
I2011 =
(c)
Compute a weighted aggregate price index for the two items using
the Laspeyres method using 2009 as the base period.
I2011 =
(d)
Compute a weighted aggregate price index for the two items using
the Paasche method using 2009 as the base period.
I2011 =