Question

From the following data construct index fro 2002 taking 2000 as base , by the averange or relative method.

Answer 1

Simple A.M. of price relative Index number.

P₀₁= \(\frac{∑P}{n}\) × 100; 

P = price relative = \(\frac{P_1}{p_0}\times 100\)

P₀₁ = \(\frac{611.59}{5}\) = 122.32.