From the data given below the Laspeyre's price index for the year 2016 with year 2010 as base year is
Commodity Price year 2010 Price year 2016 Quantity Year 2010 Quantity Year 2016 A 1 2 10 13 B 5 10 12 16 C 6 10 15 18
From the data given below the Laspeyre's price index for the year 2016 with year 2010 as base year is
| Commodity | Price year 2010 | Price year 2016 | Quantity Year 2010 | Quantity Year 2016 |
|---|---|---|---|---|
| A | 1 | 2 | 10 | 13 |
| B | 5 | 10 | 12 | 16 |
| C | 6 | 10 | 15 | 18 |
Solution
✅ Correct Option: 4
Laspeyre's index .
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Index .
Note: The standard Laspeyre's formula gives 181.25 with the given data, which does not exactly match any option; we have selected the nearest value 170.
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