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The Prices of 3 Products for the Years 2005 and the Number

Question 1

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The prices of 3 products for the years 2005 and the number of units sold in 2005, as well as prices for 2010 are shown below. The prices of 3 products for the years 2005 and the number of units sold in 2005, as well as prices for 2010 are shown below. Compute a weighted aggregate price index (Laspeyres index) for 2010 with 2005 as the base period. Compute a weighted aggregate price index (Laspeyres index) for 2010 with 2005 as the base period.

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