From the Information Provided Below, Calculate the Laspeyres and Paasche

Essay

From the information provided below, calculate the Laspeyres and Paasche price indexes. $$\begin{array} { c c c c c } & \text { Quantity of X } & \text { Price of X } & \text { Quantity of } Y & \text { Price of } Y \\1990 \text { (base) } & 2 & \$ 1 & 2 & \$ 2 \\1991 & 1 & \$ 2 & 3 & \$ 3\end{array}$$