Calculate a weighted aggregate price index

Reference no: EM1319074

To find weighted aggregate price index using Laspeyres and Paasche method.

a. The following table reports prices and usage quantities for two years in 1990 and 1992.

Item	1990	1992	1990	1992
A	1450	1500	9	11
B	540	650	4	6.5

(a) Calculate a weighted aggregate price index for the two items using the Laspeyres method.

(b) Calculate a weighted aggregate price index for the two items using the Paasche method.

Reference no: EM1319074

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