# The following table reports prices and usage quantities for two items in 2009 and 2011. a. Compute

## Question:

The following table reports prices and usage quantities for two items in 2009 and 2011.

**a.** Compute price relatives for each item in 2011 using 2009 as the base period.

**b.** Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period.

**c.** Compute a weighted aggregate price index for the two items using the Laspeyres method.

**d.** Compute a weighted aggregate price index for the two items using the Paasche method.

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**Related Book For**

## Statistics For Business And Economics

**ISBN:** 9781305446076

12th Edition

**Authors:** David R Anderson , Dennis J Sweeney , Thomas A Williams , Jeffrey D Camm