Munerical Questions Unweighted Index Numbers 4, Calculate the index number for the year 2008 on the basis of 1998 by () simple aggregative method (ii) simple average of price relatives method Commodities A B c D | 1998 Price @) 2 5 4 2 2008 Price (@) 4 6 | 5 3 [Ans. (i) 138.46 (ii) 148.75] 2, Calculate index numbers by () simple aggregative method and (i) simple average of price relatives method Commodities A B iG Base year Price (@) 10 15 2 | Current year Price (®) 25 60 45 50 [Ans. (i) 257.14 (ii) 268.75] 3. Construct index numbers by () simple aggregative method (ii) si relatives method | Commodities D \Price in 1988 (%) . 40 Price in 1995 (%) | 20 | 20 60 80 [Ans, (i) 211.76 (ii) 208.33] _ 4. Compute index number for 2010 taking 2008 as base. Use (i) Simple aggregative method (ii) Simple average of price relative method. Commodities A |B c Price (X)(2008) 300 400 500 Price (€) (2010) 400 600 800 ‘Ans. (i) 150 (ii) 147.76] Compute index number for the year 2012 taking 2010 as base by (i) Simple aggregative method (ii) Simple average of price relative method. Commodities A B c {pie Price (%)(2010) oo | 120 | 60 | 180 | 140 Price (%)(2012) 100 | 150 | 90 | 160 | 190 [Ans. (9115 (i) 119.92]Weighted Index Numbers i 6. Construct price index numbers from the following data using fo () Laspeyre’s method (ji) Paasche’s method —__ (fi) Fisher’s meth |Comr Bt Se i Price (base year) (%) 4 2 2 | Quantity (base year) 20 4 ro | 5 | | Price (current yea 5 8 2 aoe { Quantity (current year) 15 5 12 6 [Ans. (i) 127.84, (if) 129.22 (ii) 128.52) 7. Construct index numbers of price from the following data by using () Laspeyre’s method (ji) Paasche’s method —_(ii) Fisher's method Commodities Base year price (%)_ Base year quantity Current year price @) Current year quantity alalaly > (ii) 137.86 (iii) 135.58) 8. Calculate Fisher's ideal index number. Commodities Current year price (%) | Curent year q [Ans 219.12] 9. Compute index numbers by (i) Laspeyre’s method (ii) Paasche’s method (ii) Fisher's method, Commodities AL B c Price in 1990 (%) 2 3 ts Quantity in 1990 (units) 10 20 Price in 2000) Quantity in 2000 _(units)| 12 [Ans. (i) 165.22 (ii) 169.79 (iii) 167.49] 10, Compute index numbers by (i) Laspeyre's method (i) Paasche’s method (ji) Fish eo er’s method, | Commodities _4_|8 | 7] Base year Price () 100 Base year Quantity(units) 10 Cument year Price (%) 150 Current year Quantity(units) {20 | 10 | 20 (Ans. (f) 141.66 (ii) 146.66 (iti) 144.14]th, Calculate weighted price relatives index using the following data, Commodities A 7 : 3 Base year price (%) 2 5 a ; Current year price &) 4 6 a ; Weights 40 30 20 1 | 42. Construct weighted index number. ier a Commodities Wheat | Rice | Mik | oi | Pulses Weights w | 5 | o | 5 | 5 Price (base year) (%) 2 | 8 | 5 | 2 | 4 Price (curent year) &) | 30 | 16 | 10 Vea lees [Ans. 17857] 43, Construct weighted index number. Commodities A B c | > Bose year Quantity(units)| 2 4 5s | 3 Base year Price (2) 10 40 20 80 Current year Price (%) 20 60 50 v0 | [Ans. 171.15] 14, Calculate weighted index number for the following data. Commodities [oa B c Quantity (units) in 2000 20 10 Price in 2000 (2) 5 6 7 Price in 2012 @) 6 2 2 [Ans. 176.92] Consumer Price Index 15. Construct consumer price index using (i) Aggregative expenditure method and (i) Family budget method Commodities A B c D E F Quantity (base year) Gquintals | 6 quintals | 1 quintal | 6kg | 4kE 1kg Price (%) (base year) 575 5 6 8 2 20 \Price (%) (current year) 6 8 9 10 1.50 15 [Ans. 118.77 by both the methods]16. Construct consumer price index by (i) Aggregative expenditure method and (i) Family budget method Commodities A B c D E Quantities (base year) 10 20 30 10 20 Price (%) (base year) 50 20 2 5 3 Price (%) (current year) 70 2 3 3 [Ans. 130.84 by both methods} 17. Construct consumer price index using the following data by (i) family budget method (i) Aggregative expenditure method : Items Food Fuel Cloth Rent Misc. Weight (in %) 35 10 20 15 20 Base period price (®) | 150 25 75 30 40 Current period price (%) 145 23 65 30 5 “ aa [Ans. 9786] ___ 18. Construct consumer price index using (i) Aggregative expenditure method and (ii) Family budget method. Commodities A B Ge D_| Base year price (&) 20 50 | 40 20 Base year quantity 8 10 15 20 Current year price () 40 60 30 20 [Ans. 124.69] Index of Industrial Production 19, Construct an index of industrial ing data : Industry [ [Manufactured goods | Quantity (base year) 200 Quantity (current year) 300 Weights 10 20 10 | (Ans. 1925] 20. Construct an index of industrial production using the following data : Industry a zi c D Weights 10 20 10 30 Quantity (base year) 100 5 7 40 Quantity (current year) 200 100 150 50 [Ans. 225] _ Rate of Inflation 21, If wholesale price index for 1st week is 400 and for 2nd week is 600, calculate weekly rate of inflation. [Ans. 50%} 22. Calculate real income if present income is 375 and present index is 300, Ans. 123]