From the information given below construct index number of 1990 by the method of weighted average of relavites using (i) base year value as weights (ii) given year values weights

Question: From the information given below construct index number of 1990 by the method of weighted average of relavites using (i) base year value as weights (ii) given year values weights.

homework question

Solution:

Construction of Price Index (weighted average relative method).

Construction of Price Index