Question: I need help with my homework. I do understand the work, but time is a constraint. Exercise 3 I) The table below gives the price

I need help with my homework. I do understand the work, but time is a constraint.

I need help with my homework. I do understand the work, but

Exercise 3 I) The table below gives the price and consumption (usage/sales) for two products x and y for four years. Using year 2000 as the base year calculate for each year, the a) Basic expenditure index b) Laspeyers price index, and c) Paasche price index Year Price of Quantity 5, 4. Price of y. P. Quantity y. 4, X. P. 2000 R4 R3 2001 R5 6 R4 2002 R6 R5 2003 R6 4 R7 2) Below is a table of items consumed in a hotel for three years together with the average price of each item for each of the three years. Using 2003 as the base year, calculate for each subsequent year, the a) Basic expenditure index b) Laspeyers price index, and c) Paasche price index d) Laspeyers volume index c) Paasche volume index Item 2003 2004 2005 Quantity Price (R) Quantity Price (R) Quantity Price (R) Mill 2920 3.95 3100 4.10 3210 1.10 Bread 2190 3.60 2230 3.80 2200 4.00 Eggs (each] 16425 0.60 17563 0.60 17890 D.65 Butter 730 7.20 680 7.70 650 8.30 Cheese 1135 14.00 1086 14.9 1150 16.00 Margerine 1574 6.80 1700 7.20 1720 7.50

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