The first question is incomplete. Assuming it asks to calculate the Laspeyres Price Index and Paasche Price…

Question

The first question is incomplete. Assuming it asks to calculate the Laspeyres Price Index and Paasche Price Index for the current year (2025) with the base year (2024).

ScanSolve AI Tutor · Accepted Answer

The first question is incomplete. Assuming it asks to calculate the Laspeyres Price Index and Paasche Price Index for the current year (2025) with the base year (2024).

Data from the table:

Goods	Base year (2024) Price ( $P_0$ )	Base year (2024) Quantity ( $Q_0$ )	Current year (2025) Price ( $P_1$ )	Current year (2025) Quantity ( $Q_1$ )
A	20	3	30	4
B	70	5	80	5
C	50	5	40	4
D	20	2	30	4

Calculate the products for each good.
- For Good A:
  
  $P_0 Q_0 = 20 \times 3 = 60$
  
  $P_1 Q_0 = 30 \times 3 = 90$
  
  $P_0 Q_1 = 20 \times 4 = 80$
  
  $P_1 Q_1 = 30 \times 4 = 120$
- For Good B:
  
  $P_0 Q_0 = 70 \times 5 = 350$
  
  $P_1 Q_0 = 80 \times 5 = 400$
  
  $P_0 Q_1 = 70 \times 5 = 350$
  
  $P_1 Q_1 = 80 \times 5 = 400$
- For Good C:
  
  $P_0 Q_0 = 50 \times 5 = 250$
  
  $P_1 Q_0 = 40 \times 5 = 200$
  
  $P_0 Q_1 = 50 \times 4 = 200$
  
  $P_1 Q_1 = 40 \times 4 = 160$
- For Good D:
  
  $P_0 Q_0 = 20 \times 2 = 40$
  
  $P_1 Q_0 = 30 \times 2 = 60$
  
  $P_0 Q_1 = 20 \times 4 = 80$
  
  $P_1 Q_1 = 30 \times 4 = 120$
Calculate the sums.
$\sum P_0 Q_0 = 60 + 350 + 250 + 40 = 700$ $\sum P_1 Q_0 = 90 + 400 + 200 + 60 = 750$ $\sum P_0 Q_1 = 80 + 350 + 200 + 80 = 710$ $\sum P_1 Q_1 = 120 + 400 + 160 + 120 = 800$
Calculate the Laspeyres Price Index.
The formula for the Laspeyres Price Index is:
$L_P = \frac{\sum P_1 Q_0}{\sum P_0 Q_0} \times 100$
Substitute the values:
$L_P = \frac{750}{700} \times 100$ $L_P \approx 1.071428 \times 100$ $L_P \approx 107.14$
The Laspeyres Price Index is $\boxed{107.14}$ .
Calculate the Paasche Price Index.
The formula for the Paasche Price Index is:
$P_P = \frac{\sum P_1 Q_1}{\sum P_0 Q_1} \times 100$
Substitute the values:
$P_P = \frac{800}{710} \times 100$ $P_P \approx 1.12676 \times 100$ $P_P \approx 112.68$
The Paasche Price Index is $\boxed{112.68}$ .

Question: Nepal is rich in natural resource. Does it play vital role in the growth and economic development of the country?

Yes, natural resources play a vital role in the growth and economic development of a country like Nepal. They provide raw materials for industries, support key sectors such as agriculture, forestry, and tourism, and can be a source of export earnings. Effective management and sustainable utilization of these resources are crucial for long-term economic prosperity and improving living standards.

The first question is incomplete. Assuming it asks to calculate the Laspeyres Price Index and Paasche Price Index for the current year (2025) with the base year (2024).

Answer

Step-by-step solution

Calculate the products for each good.

Calculate the sums.

Calculate the Laspeyres Price Index.

Calculate the Paasche Price Index.

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