Given are the following price-quantity data of fish, with price quoted in Ksh per kg and...

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Given are the following price-quantity data of fish, with price quoted in Ksh per kg and production in kilograms. Year: Price : 1980 1981 1982 15 17 16 Production : 500 550 480 Required; Taking 1980 as the base year, construct the: i. price index for each year, quantity index for each year ii. 1983 1984 22 650 18 610 1985 20 600 [4 marks] [4 marks] Given are the following price-quantity data of fish, with price quoted in Ksh per kg and production in kilograms. Year: Price : 1980 1981 1982 15 17 16 Production : 500 550 480 Required; Taking 1980 as the base year, construct the: i. price index for each year, quantity index for each year ii. 1983 1984 22 650 18 610 1985 20 600 [4 marks] [4 marks]

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