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Question 1 [27] In a restaurant, the proportion of people who order coffee with
sugar (2kg)
14
20
27
5
4
2
a. Compute the Laspeyres price and quantity indexes for 2018 using 2011 as the base year. [4]
b. Provide interpretations of the Laspeyres price and quantity indexes in (a) [2]
c. Compute the Laspeyres price and quantity indexes for 2018 using 2014 as the base year. [4]
d. Provide interpretations of the Laspeyres price and quantity indexes in (c) [2]
e. Compute the Paasche price and quantity indexes for 2018 using 2011 as the base year. [4]
f. Provide interpretations of the Paasche price and quantity indexes in (e) [2]
g. Compute the Paasche price and quantity indexes for 2018 using 2014 as the base year. [4]
h. Provide interpretations of the Paasche price and quantity indexes in (g) [2]
i. Comment on the results of Laspeyres comparison to Paasche indexes [1]
