WebIndex numbers of industrial production measure increase or decrease in industrial production in a given year as compared to the base year. We can know from such as index number the actual condition of different industries, whether production is increasing or decreasing in them, for an industrial index number measures changes in the quantity of … WebQuantity Index Numbers Unweighted Index: Simple Aggregate Method. Here we do a simple and direct comparison of the aggregate quantities of the... Unweighted Index: Simple Average of Quantity Method. In this method, we take the aggregate quantities of the …

Calculate Quantity Index number from the given data: - Shaalaa.com

WebSimple Aggregative Price Index – (∑ Pn/ ∑ P0) * 100. Where. ∑Pn = Sum of the price of all the respective commodity in the current time period. ∑Po = Sum of the price of all the respective commodity in the base period. The simple aggregative index is very simple to understand. However, there is a serious defect in this method. WebBalbharati solutions for Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board chapter 5 (Index Numbers) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions … christine thammavongsa

Quantity Index Number - YouTube

WebQuantity Index Numbers: These types of index numbers are considered to measure changes in the physical quantity of goods produced, consumed or sold of an item or a group of items. Methods of constructing index numbers: There are two methods to construct index numbers: Price relative and aggregate methods (Srivastava, 1989). WebQuantity Index Number. This index number measures the changes in the level of quantities of items consumed, or produced, or distributed during a year during a year under study with reference to another year known as the base year. Like the price index number, the simplest formula of this index number is as follows: Q 01 = (q 1 /q 0) x 100. Web27. Value index numbers Value is the product of price and quantity. A simple ratio is equal to the value of the current year divided by the value of base year. If the ratio is multiplied by 100 we get the value index number. 100 00 11 ×= ∑ ∑ qp qp V. 28. christine tharpe