Question: Let the quantities corresponding to the prices in Exercise 36 be given by the following table. a. Compute the Laspeyres price index, using 2009 as

Let the quantities corresponding to the prices in Exercise 36 be given by the following table.

a. Compute the Laspeyres price index, using 2009 as the base year.
b. Compute the Paasche price index, using 2009 as the base year.
c. Comment on the differences between the two indices?

Year 2009 2010 2011 Product 1Product 2 Product 3 90 82 76 32 34 ti 48 46

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