The following table reports prices and usage quantities for two items in 2009 and 2011. (Round...

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	1,500	1,600	7.50	7.45
B	2	1	650.00	1,500.00

(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 = ___________.

(d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period.

I₂₀₁₁ = ____________.

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orchestra answered 1 year ago

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