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Bowley's index number=150, laspyre's index number=180, then paasche's index number=
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Bowley's index number=150, laspyre's index number=180, then paasche's ...
Bowley's index number=150, Laspyre's index number=180, then Paasche's index number=
Explanation
- Bowley's index number is a method of measuring the average change in prices of a specific group of goods over a period of time.
- Laspeyres index number is a type of price index that measures the cost of a fixed basket of goods and services at a particular time relative to the cost of the same basket of goods and services at a base period.
- Paasche's index number is another method of calculating the average change in prices of a specific group of goods over a period of time. Unlike Laspeyres index number, it uses current-period quantities as weights.
- Paasche's index number can be calculated using the formula: Paasche's index number = (current-period expenditure / base-period expenditure) x 100
- Paasche's index number takes into account changes in both quantities and prices of goods and services.
- In the given scenario, since Bowley's index number is lower than Laspeyres index number, it indicates that the base period is a relatively low-cost period. Similarly, since Laspeyres index number is higher than Bowley's index number, it indicates that the current period is relatively high-cost period.
- To calculate Paasche's index number, we need to know the current-period expenditure and base-period expenditure for the specific group of goods under consideration.
- Once we have the values of current-period expenditure and base-period expenditure, we can plug them into the formula to calculate Paasche's index number.
Community Answer
Bowley's index number=150, laspyre's index number=180, then paasche's ...
120 if the option is not there it may be none of these or your book answer is wrong XD
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Bowley's index number=150, laspyre's index number=180, then paasche's index number=
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Bowley's index number=150, laspyre's index number=180, then paasche's index number= for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Bowley's index number=150, laspyre's index number=180, then paasche's index number= covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bowley's index number=150, laspyre's index number=180, then paasche's index number=.
Bowley's index number=150, laspyre's index number=180, then paasche's index number= for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Bowley's index number=150, laspyre's index number=180, then paasche's index number= covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bowley's index number=150, laspyre's index number=180, then paasche's index number=.
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