HW chap 6-2

924andthelaspeyresindexforjunewhichis38562percentlower

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Unformatted text preview: 60 = 33.916 percent, so the Laspeyres index for June is 0.661. The cost of July's bundle in August is: (1.40)7 + (1.80)18 = $42.20. This is a difference (from July to August) of 42.20 – 38.30 = $3.90, or 3.90 / 38.30 = 10.183 percent, so the Laspeyres index for August is 1.102. Expendi...
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This note was uploaded on 01/22/2014 for the course ECO 3352 taught by Professor Ax during the Fall '13 term at Troy.

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