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Question

The weighted aggregative index number for the following table is given as 153.61 considering Laspeyres method. Find the approximate value of k.

P0Q0P1Q1H0.5202.525I10.510711J3.58412K7251430L15132218


A

18

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B

19

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C

20

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D

21

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Solution

The correct option is C

20


Look at the table below:

P0Q0P1Q1P1Q0P0Q0H0.5k2.5252.5k0.5kI10.51071170105J3.584123228K7251430350175L15132218286195Total738+2.5k503+0.5k

P01=P1Q0P0Q0×100153.61=738+2.5k503+0.5k×1001.5361×(503+0.5k)=738+2.5k772.66+0.77k=738+2.5k34.66=1.73kk=20


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