8B

Quick Check 8B Based on the information in Table 8.24, compute the simple aggregate price index for the three commodities in 2019 using 2017 as the base year. Table 8.24 Price of three commodities Per capita Unit Average price (RM) consumption Commodity quotation (per month) 2017. Pa 2019, P 2017,40 2019, 4 Rice kq 18.00 28.00 40 4.5 Chicken kg 4.50 6.00 5.0 4.0 Vegetable kg 2.50 3.60 6.0 8.0. 2 Based on the information in Table 8.24, compute the simple aggregate quantity index for the three commodities in 2019 using 2017 as the base year 3 Based on the information in Table 8.24, compute the simple average of price relatives for the three commodities in 2019 using 2017 as the base year. 4 Based on the information in Table 8.24, compute the simple average of quantity relatives for the three commodities in 2019 using 2017 as the base year