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Problem
Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method.
Commodities
Quantity 2007(Q0)
Unit
P0
P1
2007
2008
A
7
quintal
300
310
B
5
305
308
C
4
416
419
D
9
530
625
E
3
kg
18
23
F
1050
1070
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