Using Fisher’s Ideal Formula, compute price and quantity index number for 1984 with 1982 as the base year, from the given information.
Year |
Commodity: A |
Commodity: B |
Commodity: C |
Price |
Quantity |
Price |
Quantity |
Price |
Quantity |
1982 |
5 |
10 |
8 |
6 |
6 |
3 |
1984 |
4 |
12 |
7 |
7 |
5 |
4 |