Question: Using arithmetic mean, median and geometric mean, construct index numbers by the simple average of relative method from the following data for 1990 and 1991 with 1989 as the base year.
|Commodity||Price (in Rs. per unit)||Price (in Rs. per unit)||Price (in Rs. per unit)|
|Year 1989||Year 1990||Year 1991|
Computation of price Indices [(Using Mean, Median and G.M. (base 1989)]