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Calculate the laspeyres index between 2020 and 2030

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Reference no: EM133066215

Table 1: GDP Country X: 2020

 

Cars

Restaurant Meals

Price

$25,000

$20

Quantity

10

10,000

Table 2: GDP Country X: 2030

 

Cars

Restaurant Meals

Price

$60,000

$120

Quantity

20

5,000

a.. Calculate the Laspeyres Index between 2020 and 2030?

b. Calculate the Paasche Price Index between 2020 and 2030?

c. Calculate the Fisher Price Index between 2020 and 2030?

Reference no: EM133066215

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