Compute passche's price index number for the year 1987 using the following data concerning four commodities
Dear Student
Regards
| Commodity | 1982 | 1987 | ||||
|---|---|---|---|---|---|---|
| p0 | q0 | p1 | q1 | p1q1 | p0q1 | |
| A | 20 | 8 | 40 | 6 | 240 | 120 |
| B | 50 | 10 | 60 | 5 | 300 | 250 |
| C | 40 | 15 | 50 | 10 | 500 | 400 |
| D | 20 | 20 | 20 | 15 | 300 | 300 |
| 1340 | 1070 | |||||
Regards