Q.4 (A)(iii) Paasche's Price Index Number is given by ____. A. (Σ p₀q₀)/(Σ p₁q₀) × 100 B. (Σ p₀q₁)/(Σ p₁q₁) × 100 C. (Σ p₁q₀)/(Σ p₀q₀) × 100 D. (Σ p₁q₁)/(Σ p₀q₁) × 100

Answer: (d) (Σ p₁q₁)/(Σ p₀q₁) × 100 Paasche's index uses current year quantities q₁ as weights: P₀₁(P) = (Σ p₁q₁)/(Σ p₀q₁) × 100. Option (c) is Laspeyre's index (base year weights).

Chapter: Index Numbers· Mathematics & Statistics (Commerce) Part 2

Paasche's Price Index Number is given by ____.

Q.4 (A)(iii) Paasche's Price Index Number is given by ____.

A. \(\dfrac{\Sigma p_0q_0}{\Sigma p_1q_0} \times 100\)

B. \(\dfrac{\Sigma p_0q_1}{\Sigma p_1q_1} \times 100\)

C. \(\dfrac{\Sigma p_1q_0}{\Sigma p_0q_0} \times 100\)

D. \(\dfrac{\Sigma p_1q_1}{\Sigma p_0q_1} \times 100\)

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Answer: (d) \(\dfrac{\Sigma p_1q_1}{\Sigma p_0q_1} \times 100\)

Paasche's index uses current year quantities \(q_1\) as weights: \(P_{01}(P) = \dfrac{\Sigma p_1q_1}{\Sigma p_0q_1} \times 100\). Option (c) is Laspeyre's index (base year weights).

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