Q
An economist estimated that a commodity Y had a price index of 100, calculated for 1993 with base year of 1990, and a quantity index of 0.5 when calculated for 1990 with base year of 1993. What is the Fisher Ideal Value Index for 1993 with the base year taken to be 1990?
A. 10.5
B. 20
C. 15
D. 12
Correct Answer:C
Explanation:
Fisher?s Ideal Index = ?(Price index ? Quantity index) = ?(100 ? 0.5 ? 100) = 15.
Economics - Index Numbers
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