Using data Σ(P1Q0)=300, Σ(P0Q0)=200, Σ(P1Q1)=450, Σ(P0Q1)=320, what is Drobisch-Bowley Price Index?

Type: MCQ • Marks: 1

Using data Σ(P1*Q0)=300, Σ(P0*Q0)=200, Σ(P1*Q1)=450, Σ(P0*Q1)=320, what is Drobisch-Bowley Price Index?

A. 144.23

B. 145.31

C. 142.50

D. 148.00

Explanation

Laspeyres L = (300/200)*100 = 150. Paasche P = (450/320)*100 = 140.625. Drobisch-Bowley = (L + P) / 2 = (150 + 140.625) / 2 = 145.31.

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Using data Σ(P1*Q0)=300, Σ(P0*Q0)=200, Σ(P1*Q1)=450, Σ(P0*Q1)=320, what is Drobisch-Bowley Price Index?