Example 20.21 Assuming that all the products can be assigned equal weights, calculate the chain-base index numbers for the years 1996 to 2000 on the basis of the following price relatives: (Note: Price relative = (p₁/po) x 100) Year A B C D E 1996 100 100 100 100 1997 90 525 134 118 1998 81 61 60 115 1999 112 200 80 93 2000 122 66 150 86 100 133 125 140 86
Example 20.21 Assuming that all the products can be assigned equal weights, calculate the chain-base index numbers for the years 1996 to 2000 on the basis of the following price relatives: (Note: Price relative = (p₁/po) x 100) Year A B C D E 1996 100 100 100 100 1997 90 525 134 118 1998 81 61 60 115 1999 112 200 80 93 2000 122 66 150 86 100 133 125 140 86
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:Example 20.21 Assuming that all the products can be assigned equal weights, calculate the chain-base
index numbers for the years 1996 to 2000 on the basis of the following price relatives:
(Note: Price relative = (p₁/po) × 100)
Year
A
B
C
D
E
1996
100
100
100
100
100
1997
90
525
134
118
133
1998
81
61
60
115
125
1999
112
200
80
93
140
2000
122
66
150
86
86
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