Laspeyres Price Index and Paasche Price Index

[@michaelaristotle7920]

With 2019…Why was the price not multiplied by the quantity

[@innocentmsowoya981]

Thanks for the good work

[@EconomicsinManyLessons]

You are welcome!

[@shashank4277]

What factors determines the quantity in each year?

[@TheDolez013]

Supply and demand. Those numbers would come from specific data or what your instructor gave you.

[@CFATrainer]

thank you. very helful

[@fcjc35]

it was helpfull :)

[@sumirantargainlepcha]

What if the difference in year is 10, like base year is 2000 and current year 2010, what do we do then? Do we have to take the time difference any where in the paasche formula?

[@vikramkhetan7620]

NO

[@vikramkhetan7620]

You must have done calculations of fixed base method involving questions. The same rule applies here. Hope it helps!

[@TheDolez013]

You would calculate the index values the same. You can then find the total change over the 10 year interval. You could also talk about an average yearly growth over the 10 year interval but not specific growth rates per year.

[@tatendamagada2253]

Thank you very much

[@EconomicsinManyLessons]

You are welcome!

[@ashmittvermaa]

Thanks bro

[@EconomicsinManyLessons]

You are welcome!

[@ahmedadan4654]

Thank you!

[@meelon685]

Thanks

[@pabarubasinghe4665]

Thank you..

[@silverplayer7502]

is the laspeyres the same as the consumer price index?

[@EconomicsinManyLessons]

Yes.

[@renatiliasuulu6298]

Thank you

[@riteshjuneja8948]

thanks for explaining :)

[@ketshepilemanchwe38]

Thank you sir!

[@asifiqbal3733]

vai tui josss

[@dun8410]

You know the things but you're not teaching material. You are unable to disseminate the information.

[@charbelrizek2925]

No its not helpful, or maybe I’m just stupid

[@joshuabritton7598]

Thank you!