QUESTION SIX
The following table relates to prices and quantities of three fuels over two years:
tableFUELPRICEQUANTITY,PRICE,QUANTITYUnleaded Petrol,Low sulphur Diesel,Ordinary Diesel,Jet fuel,
Take as the base year
Calculate the following:
i Aggregate Price Index.
marks
ii Average Price Relative marks
iii Weighted Average Price Relative using Quantities as base quantities
marks
iv A Laspeyre's price index.
marks
v A Paasche's price index.
marks
Total: marks
