Laspeyre's index $= 110$ , Paasche's index $= 108$ , then Fisher's Ideal index is equal to:

110

No worries! We‘ve got your back. Try BYJU‘S free classes today!

108

No worries! We‘ve got your back. Try BYJU‘S free classes today!

100

No worries! We‘ve got your back. Try BYJU‘S free classes today!

109

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C $109$
Laspeyre's Index $(L . I .)$ $= 110$
Paasche's Index $(P . I .)$ $= 108$

Fisher's Ideal Index $= \sqrt{L . I . \times P . I .}$
$= \sqrt{110 \times 108}$
$= 108.995 \approx 109$

Suggest Corrections

Similar questions

Distinguish between Laspeyre's and Paasche's index.

Q. The following data relate to the prices and quantities of 4 commodities in the years 2011-12 and 2016-17. Construct the index numbers of price for the year 2016-17 by using 2011-12 the base year by: (i) Laspeyre's method, (ii) Paasche's method, (iii) Fisher's ideal method:

Commodity	2011-12		2016-17
Commodity	Price (in ₹) p₀	Quantity q₀	Price (in ₹)	Quantity q₁
A	5	100	6	150
B	4	80	5	100
C	2.5	60	5	72
D	12	30	9	33

Given the following data:

Find X if the ratio between Laspeyre's and Paasche's index number is 28:27.

Q. From the data given below , construct Laspeyre's , Paasche's and Fisher's price index and quantity index numbers with base 2015 and interpret.

Commodity	2015		2016
Commodity	Price (₹)	Quantity (Kg)	Price (₹)	Quantity (Kg)
A B C	4 3 8	2 5 2	6 2 4	3 1 6

Calculate Laspeyre's and Paasche's price index number on the basis of the following data:

$\begin{matrix} Commodity & A & B & C & D & E Base Year Price (p_{0}) & 10 & 25 & 30 & 15 & 20 Curreny Year Price (p_{1}) & 15 & 40 & 45 & 30 & 25 Base Year Quantity (q_{0}) & 6 & 10 & 15 & 20 & 8 Current Year Quantity (q_{1}) & 8 & 20 & 12 & 15 & 6 \end{matrix}$

Join BYJU'S Learning Program

Laspeyre's index =110, Paasche's index =108, then Fisher's Ideal index is equal to:

The correct option is C 109Laspeyre's Index (L.I.) =110Paasche's Index (P.I.) =108Fisher's Ideal Index =√L.I.×P.I. =√110×108 =108.995≈109

Laspeyre's index $= 110$ , Paasche's index $= 108$ , then Fisher's Ideal index is equal to:

The correct option is C $109$
Laspeyre's Index $(L . I .)$ $= 110$
Paasche's Index $(P . I .)$ $= 108$

Fisher's Ideal Index $= \sqrt{L . I . \times P . I .}$
$= \sqrt{110 \times 108}$
$= 108.995 \approx 109$