Compute the weighted aggregative index number for the following data:
| ||||||||||||||||||
125.50 132.15 137.84 145.20 |
137.84 |
The correct answer is Option (3) → 137.84 The weighted aggregative price index is given by: $P_{01} = \frac{\sum p_1 W}{\sum p_0 W} \times 100$ Calculation Table:
Apply the formula: $P_{01} = \frac{510}{370} \times 100$ $P_{01} \approx 1.378378 \times 100$ $P_{01} = 137.84$ |