Calculate Value Index Number for the following using Simple Aggre… - Vidyadip

Question

Calculate Value Index Number for the following using Simple Aggregate Method

Commodity	Base Year		Current Year
Commodity	Price	Quantity	Price	Quantity
A	30	13	40	15
B	40	15	70	20
C	10	12	60	22
D	50	10	90	18
E	20	14	100	16

✓

Answer

Commodity	Base Year		Current Year
Commodity	$p_0$	$q_0$	$p_1$	$q_1$	$p_0q_0$	$p_1q_1$
A	30	13	40	15	390	600
B	40	15	70	20	600	1400
C	10	12	60	22	10	1320
D	50	10	90	18	500	1620
E	20	14	100	16	280	1600
Total	–	–	–	–	1890	6540

Value Index Number $\left(V_{01}\right)=\frac{\sum p_1 q_1}{\sum p_0 q_0} \times 100$
$ =\frac{6540}{1890} \times 100$
$=346.03 $

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