Question: The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price

The following table reports prices and usage

The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) A B Item A B = 2009 2011 1,500 1,600 1,500.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative 4 = 2009 2 8.50 2011 650.00 7.55 (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. 12011 (c) Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period. 12011 (d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period. 12011

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