Retail price index, Mathematics

Assignment Help:

Retail price index

This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transport, housing, alcoholic drinks, fuel, footwear, light, water, services household goods, e.t.c. all item involved in the index is described a weighting and a price relative to the base is calculated. Modified form of laspeyre's price index formula is utilized as a weighted arithmetic mean (a.m.) of price relatives.

 

    Retail Price index     179_Retail price index.png

 

The index is utilized by the Government as a guide in finding the minimum wages, pension rates unemployed benefits in UK. Trade unions employ, it as a basis for their wages claims.

 


Related Discussions:- Retail price index

Promote products and services, please let us know above promote products an...

please let us know above promote products and services..i gave the assignment from my collage

Find no. of diagonals, In a polygon no 3 diagnols are concurrent. If the to...

In a polygon no 3 diagnols are concurrent. If the total no of points of intersection are 70 ( interior ). find the no. of diagnols? Ans) Since no 3 diagonals are concurrent, There

What is multiplying fractions, What is Multiplying Fractions ? The rule...

What is Multiplying Fractions ? The rule for multiplying fractions is to "multiply across": Multiply the numerators to get the numerator of the answer. Multiply the den

Product, a product can be anything including physical good,services,places,...

a product can be anything including physical good,services,places,experience,nations,organizations,properties,information.discuss the statement?

.probability, a box contains 4 white and 6 green balls.Two balls are drawn ...

a box contains 4 white and 6 green balls.Two balls are drawn randomly with replacement.Show the probability on tree dig.

Volume, Rajun uses 2/3 of a carton of milk to make a pancake. The volume of...

Rajun uses 2/3 of a carton of milk to make a pancake. The volume of milk he uses is 800ml. calculate the volume, in l, of a milk in carton?

Iit-jee questions, can u tell me a website for iit-jee questions?

can u tell me a website for iit-jee questions?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd