GDP Growth Calculation Information 2020 2021 2022 Commodity weights Price Quantity Price Quantity Price Quantity A 12%
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Question:
GDP Growth Calculation Information
| 2020 | 2021 | 2022 | |||||
| Commodity | weights | Price | Quantity | Price | Quantity | Price | Quantity |
| A | 12% | R 1,485.00 | 726 | R 1,497.00 | 1423 | R 1,698.00 | 1949 |
| B | 17% | R 1,110.00 | 132 | R 1,077.00 | 137 | R 1,497.00 | 180 |
| C | 54% | R 311.00 | 770 | R 724.00 | 559 | R 379.00 | 489 |
| D | 7% | R 1,644.00 | 1412 | R 881.00 | 1660 | R 882.00 | 1075 |
| E | 4% | R 1,185.00 | 1321 | R 1,720.00 | 795 | R 2,718.00 | 560 |
| F | 6% | R 521.00 | 728 | R 836.00 | 1624 | R 1,019.00 | 799 |
Calculate :
1. Basic Expenditure index for 2021
2. Basic Expenditure index for 2022
3. Laspeyre's index for 2021
4. Laspeyre's index for 2022
5. Paasche's index for 2021
6. Paasche's index for 2022
Expert Answer:
SOLUTION To calculate the requested indices we need to understand the formulas for each index 1 Basic Expenditure Index BEI BEI Pricebase Quantitycurrent Pricebase Quantitybase 100 2 Laspeyres Index L... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
