Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche...
Bowley's Index Number: 150
Bowley's index number is a method used to measure changes in the level of economic activity or prices over a period of time. It compares the average of current prices or values with the average of base period prices or values. In this case, Bowley's index number is given as 150.
Fisher's Index Number: 149
Fisher's index number is another method used to measure changes in the level of economic activity or prices. It takes into account both the relative price changes and the quantity changes of goods or services. Fisher's index number is calculated by using the geometric mean of the Laspeyres and Paasche index numbers. In this case, Fisher's index number is given as 149.
Calculating the 95 Paasche Index Number
To calculate the 95 Paasche index number, we need the prices or values of the current period and the base period. Let's assume we have the following data:
- Current period prices: P1 = {p1, p2, p3, ..., pn}
- Base period prices: P0 = {p0, p0, p0, ..., p0}
- Current period quantities: Q1 = {q1, q2, q3, ..., qn}
- Base period quantities: Q0 = {q0, q0, q0, ..., q0}
Step 1: Calculate the price relatives (Ri) for each item:
Ri = (pi / p0) * 100
Step 2: Calculate the quantity relatives (Qi) for each item:
Qi = (qi / q0) * 100
Step 3: Calculate the Paasche index number (P) using the formula:
P = (Σ(Ri * Qi)) / (ΣQi) * 100
In this case, we need the current period prices and quantities to calculate the 95 Paasche index number. Unfortunately, the given data only provides the Bowley's and Fisher's index numbers. Without the actual price and quantity data, it is not possible to calculate the 95 Paasche index number.
Conclusion
In summary, the Bowley's index number is given as 150, and the Fisher's index number is given as 149. However, without the actual price and quantity data, it is not possible to calculate the 95 Paasche index number. The Paasche index number is calculated by comparing the current period prices and quantities with the base period prices and quantities. It provides a measure of price and quantity changes over time.
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche...
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