Calculate quantity index for the year 2015 with 2013 as base:
|
102.40 105.71 108.25 110.15 |
105.71 |
The correct answer is Option (2) → 105.71 Quantity Index = $Q_{01}=\frac{∑Q_1}{∑Q_0} ×100$ where
$Q_{01} = \frac{\sum Q_1}{\sum Q_0} \times 100 = \frac{296}{280} \times 100 = 105.71 \text{}$ |