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ECO402 Microeconomics Assignment No 01 Solution & Discussion Fall 2017


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Add All Base year 2015 value of all 3 items

Add All current year 2017 value of all 3 items

now divide both value and multiply by 100  

But this is not as per what Laspeyres index formula. as per the formula you need to 

pnqo/poqo*100?

how can we calculate Po and Qo ????

in your formula there is no treatment of quantity

Po or Qo ki values kaisa karay gy calculate

my answer for laspeyres index is 146.9

Mine also same. U calculated it on Nominal price. I am confused, should I use nominal price or real price to find the Laspeyres index? Any idea?

ECO402 Assignment#01 Solution

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ECO402 Assignment#01 Solution

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