Question

The table below gives the index prices of four items A, B, C, and D sold at a store in 2000 and 2014. Item 2000 Price 2014 Price 2000 Quantity 2014 Quantity A $ 40 $45 1,000 800 B 55 74 1,900 5,000 C 95 105 600 3,000 D 250 320 50 200 What is the Laspeyres index for these items? Select one: a. 124 b. 22 c. 24 d. 122 e. 17.15 What is the Paasche index for these items? Select one: a. 24 b. 124 c. 22 d. 17.15 e. 122 According to Laspeyres index, prices in 2014 increased on average by how much over 2000? Select one: a. 17.15% b. 124% c. 22% d. 122% e. 24% According to Paasche index, prices in 2014 increased on average by how much over 2000? Select one: a. 122% b. 22% c. 24% d. 124% e. 17.15%

          The table below gives the index prices of four items A, B, C,
and D sold at a store in 2000 and 2014.
Item
2000 Price
2014 Price
2000 Quantity
2014 Quantity
   A
$ 40
    $45
1,000
800
   B
      55
      74
1,900
5,000
   C
95
      105
   600
3,000
   D
    250
320
   50
       200
What is the Laspeyres index for these items?
Select one:
a. 124
b. 22
c. 24
d. 122
e. 17.15
What is the Paasche index for these items?
Select one:
a. 24
b. 124
c. 22
d. 17.15
e. 122
According to Laspeyres index, prices in 2014 increased on
average by how much over 2000?
Select one:
a. 17.15%
b. 124%
c. 22%
d. 122%
e. 24%
According to Paasche index, prices in 2014 increased on average
by how much over 2000?
Select one:
a. 122%
b. 22%
c. 24%
d. 124%
e. 17.15%

Added by Angela J.

Question

Please give Ace some feedback