help please its on the attachment
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Originally Posted by arslan help please its on the attachment The Paasche index is the year's cost today of year's quantities divided by the total cost of year's quantaties at the reference year prices all tomes 100.
2002 quants: 2503 334 3503 1871
2002 prices: 2269 11372 1344 1370
1999 prices: 1594 7848 1080 550
so you want:
I=100 x [(2503x2269+334x11372+3503x1344+1871x1370)/(2503x1594+334x7848+3503x1080+1871x550)]
i got the answer 639.36 but i think this is wrong as that answer is not one of the choices on my test. what did u get?
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