For the data in question 57, are the Laspeyres quantity index and the Paasche quantity index equal?

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For the data in question 57, are the Laspeyres quantity index and the Paasche quantity index equal? Why?

Question 57

You are given the following information on prices and quantities for Knick-
Knacks. image text in transcribed

Using 1985 as the base year, compute the value price index for Knick-Knacks.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:01 AM

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For the data in question 57, are the Laspeyres quantity index and the Paasche quantity index equal?

Question:

Year 1985 1986 1987 1988 1989 1990 Price $21.00 18.25 19.31 22.44 23.51 21.85 Quantity 12,300 13,000 21,300 20,212 24,345 32,300

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Statistics For Business And Financial Economics

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