2003 2011 p0 q0 pn qn p0q0 pnq0 p0qn pnqn 7.50 120 9.00 158 900 1080 1185 1422 10.00 41 12.50 52 410 512.5 520 650 8.00 25 10.00 30 200 250 240 300 18.00 21 22.40 25 378 470.4 450 560 sum 1888 2312.9 2395 2932 Laspeyres’ 122.51 Paasche’s 122.42 11. 2006 2011 p0 q0 pn qn p0q0 pnq0 p0qn pnqn 3.63 3 4.49 2 10.89 13.47 7.26 8.98 2.11 4 3.26 6 8.44 13.04 12.66 19.56 10.03 1 12.05 1 10.03 12.05 10.03 12.05 4.01 7 5.21 5 28.07 36.47 20.05 26.05 57.43 75.03 50.00 66.64 Laspeyres’ 130.65 Paasche’s 133.28 12(a) Month Aug 155 100.00 Sept 143 92.26 Oct 120 77.42 Nov 139 89.68 Dec 165 106.45 162 104.52 Jan (b) (i) August to January change = 104:52 - 100 = 4:52% (ii) September to December change = 13. Average Average deflated to Year wage RPI 2008 values 2008 255.1 214.8 255.1 2009 271.3 213.7 272.7 2010 290.7 223.6 279.3
2003 2011 p0 q0 pn qn p0q0 pnq0 p0qn pnqn 7.50 10.00 8.00 18.00 120 41 25 21 9.00 12.50 10.00 22.40 158 52 30 25 900 410 200 378 1080 512.5 250 470.4 1185 520 240 450 1422 650 300 560 sum 1888 2312.9 2395 2932 Laspeyres’ 122.51 Paasche’s 122.42 11. 2006 2011 p0 q0 pn qn p0q0 pnq0 p0qn pnqn 3.63 2.11 10.03 4.01 3 4 1 7 4.49 3.26 12.05 5.21 2 6 1 5 10.89 8.44 10.03 28.07 13.47 13.04 12.05 36.47 7.26 12.66 10.03 20.05 8.98 19.56 12.05 26.05 57.43 75.03 50.00 66.64 Laspeyres’ 130.65 Paasche’s 133.28 12(a) Month Aug Sept Oct Nov Dec Jan 155 143 120 139 165 162 100.00 92.26 77.42 89.68 106.45 104.52 (b) (i) August to January change = 104:52 - 100 = 4:52% (ii) September to December change = 13. Year Average wage Average RPI deflated to 2008 values 2008 2009 2010 255.1 271.3 290.7 214.8 213.7 223.6 255.1 272.7 279.3
Solutions%20Manual.docx