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INDEX NUMBERS Economic activities have constant tendency to change. Prices of commodities which arc the total result of number of economic activities also have a tendency to fluctuate. The problem of change in prices is very important. But it is not very simple to study this problem and derive conclusions because price of different commodities change by different degrees. Hence, there is a great need for a device which can smoothen the irregularities in the prices to obtain a conclusion. Our institute AMEND EDUCATION ACADEMY works in the direction to educate the students in the best possible way
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The regularized average of the value of relatives for an allocated class of goods or services in a specific region, during a mentioned period of time is called Price Index. This is statistically designed which can help to relate how the rates of relatives, considered to be a complete, varies from time frame or location to location. Copy the link given below and paste it in new browser window to get more information on Price Index:- http://www.transtutors.com/homework-help/economics/price-index.aspx
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Lect8 Jan
1.
Index Numbers
Econ 105
2.
3.
4.
5.
6.
Prices of different
fruits in different years (NTL/kg)
7.
8.
Banana price index
BASE YEAR=2000
9.
10.
UnW Fruits Price
Index Base Year=2000
11.
12.
13.
14.
Quantities purchased (1000
kg)
15.
Laspeyres fruit price
index (BY=2000)
16.
17.
Paashe fruit price
index (BY=2000)
18.
19.
Weights – CPI
(442 items)
20.
Weights – PPI
(762 items)
21.
INFLATION IN TURKEY-CPI
Nov 2008
22.
INFLATION IN TURKEY-PPI
Nov 2008
23.
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