Construction of Index Numbers

IMPORTANT

Construction of Index Numbers: Overview

This Topic covers sub-topics such as Construction of Index Numbers and Problems in Construction of Index Numbers

Important Questions on Construction of Index Numbers

EASY
IMPORTANT

List the methods of construction of index numbers and explain Paasche's method.

EASY
IMPORTANT

Define index numbers According to spiegal and List the methods of construction of index numbers.

EASY
IMPORTANT

Define index numbers by according to Croxton and Cowden and List the methods of construction of index numbers.

EASY
IMPORTANT

List the methods of construction of index numbers and state Laspeyre's method.

EASY
IMPORTANT

List the methods of construction of index numbers.

EASY
IMPORTANT

Define index numbers according to Spiegal and then Explain the problems in Construction of Index numbers

EASY
IMPORTANT

Define index numbers according to Croxton and Cowden and Explain the problems in Construction of Index numbers

EASY
IMPORTANT

Explain the problems in Construction of Index numbers

EASY
IMPORTANT

Calculate the consumer price index number for 2015 on the basis of 2000 from the following data.(Answer up to two decimal values)

Commodity Quantity Price
2000 2015
Wheat 20 15 25
Rice 8 20 24
Ghee 2 160 200
Sugar 4 40 40

 

EASY
IMPORTANT

Calculate the consumer price index number for 2015 on the basis of 2000 from the following data.(Answer up to two decimal values)

Commodity Quantity Price
2000 2015
Wheat 20 15 20
Rice 8 20 24
Ghee 2 160 200
Sugar 4 40 40

 

EASY
IMPORTANT

 Construct Laspeyre’s index for the following data taking 2014 as base year

Items year 2014 year 2015
Price Quantity Price Quantity
A 6 50 10 56
B 2 100 2 120
C 4 60 6 60
D 10 30 12 24
E 8 40 12 36

 

EASY
IMPORTANT

Construct Marshall–Edgeworth price index number for the following data taking 2016 as base year

Commodity Year 2016 Year 2017
Price Quantity Price Quantity
A 4 58500 6 62000
B 3.5 15630 5.5 13050
C 3 26230 5 25000
D 2.5 11360 4 10000
E 2 30000 3 31500

 

EASY
IMPORTANT

Construct Marshall–Edgeworth price index number for the following data taking 2016 as base year

Commodity Year 2016 Year 2017
Price Quantity Price Quantity
A 6 42500 3 23100
B 4.2 13680 5.3 12450
C 5 36320 7 23065
D 2.7 23140 10 80400
E 4 15700 8 11600

 

EASY
IMPORTANT

The index number for the year 2015, taking 2010 as base year for the following data was found to be 125. Find the missing entries in the data if p0 is given to be 360.

Commodity

A

B

C D E F
Price () in 2010 40 60 20 50 x 110
Price () in 2015 55 70 40 y 100 115

MEDIUM
IMPORTANT

Deduce the index number by using weighted average of price relative method where the price per unit of the commodities for the current year and base year 2015 is as follows.

Commodities Price per unit for the current year Price per unit for the year 2015 Weights
A 25 20 20
B 33 30 15
C 42 35 8
D 30 25 12