Relative Price Index
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What is average utility?
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What is average utility?
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What is average utility?
Q. Construct the index number for 1991 taking 1990 as the base year from the following data by simple average of price relative method.
| Commodity | A | B | C | D | E |
| Price in 1990 | 100 | 80 | 160 | 220 | 40 |
| Price in1991 | 140 | 120 | 180 | 240 | 40 |
- 122.32
- 130.14
- 114.56
- 124.53
