Using the simple aggregative method, calculate the index number f… - Vidyadip

Question

Using the simple aggregative method, calculate the index number for the given data:

	A	B	C	D
$P_1$	15	22	20	27
$P_0$	10	20	18	25

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Answer

Construction of Index number:

Commodity	$p_o ($Base Year$)$	$p_1 ($Current Year$)$
A	10	15
B	20	22
C	18	20
D	25	27
	$\Sigma\text{p}_0=73$	$\Sigma\text{p}_1=84$

$\text{P}_{01}=\frac{\Sigma\text{p}_1}{\Sigma\text{p}_0}\times100\Rightarrow\text{P}_{01}=\frac{84}{73}\times100=115.0$

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