Weighted Index Numbers

IMPORTANT

Weighted Index Numbers: Overview

The topic will talk about the weighted index numbers with its formula. We will understand how to calculate various problems with the help of this method. Moreover, it includes various solved examples to enhance our knowledge.

Important Questions on Weighted Index Numbers

EASY
IMPORTANT

If Laspeyre’s price index is 289 and Paasche’s price index is 225 then Fisher’s ideal index is

EASY
IMPORTANT

The consumer price index in the year 2000 increases by 80% as compared to the base 1990. A person I 1990 getting Rs. 80,000 per annum should now get:

EASY
IMPORTANT

The consumer price index numbers for 1981 and 1982 to the base 1974 are 360 and 400 respectively. The consumer price index for 1981 to the base 1982 is

EASY
IMPORTANT

If Laspeyre’s price index is 625 and Paasche’s price index is 576 then Fisher’s ideal index is

MEDIUM
IMPORTANT

The price relatives and weights of some products are given below.

Products A B C D
Price relatives 120 110 105 115
Weights x+1 x-1 x-2 x+2

Find the value of x if the index for the set is 115.

EASY
IMPORTANT

The price index of a product A in 2021 compared to 2015 is 120. If the price of the product in 2015 was 1000, find the price of the product in 2021 in .

HARD
IMPORTANT

Calculate the weighted index number of the following data using the price relative method:

Item A B C D E
Base year(Quantity) 24 14 8 4 8
Base year(Price) 2 4 6 10 5
Current year(Price) 3 5 9 12 5

 

EASY
IMPORTANT

List the uses of weighted arithmetic mean in index numbers

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IMPORTANT

State the difference between weighted and unweighted index numbers

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IMPORTANT

Explain briefly about weighted index number.

EASY
IMPORTANT

The price relatives and weights of some products are given below.

ProductsABCDPrice relatives120110105115Weightsx+1x-1x-2x+2

Write the formula used for finding Index. Find the value of x if the index for the set is 115.

EASY
IMPORTANT

Cotyledons are also called-