To convert the first price index series to base year 2010, we need to find the multipliers for 2007, 2008, and 2009.
For 2007: 2010 value/2008 value = 110/100 = 1.1
For 2008: 2010 value/2008 value = 110/100 = 1.1
For 2009: 2010 value/2012 value = 110/100 = 1.1
Now, we multiply the 2007, 2008, and 2009 values with their respective multipliers:
2007: 94 * 1.1 = 103.4
2008: 100 * 1.1 = 110
2009: 115 * 1.1 = 126.5
The first price index series with base year 2010 is as follows:
2007: 103.4
2008: 110
2009: 126.5
2010: 110
2011: (110 * 90)/100 = 99
2012: (110 * 100)/100 = 110
2013: (110 * 115)/100 = 126.5
Now, to find the value of G, we can see that G corresponds to the year 2013, which has a value of 126.5 in the continuous series.
Therefore, the value of G is 126.5.
Consider the following two piece index series:
2008=100 2012=100 2010=100
2007 94 A
2008 100 B
2009 115 C
2010 110 80 D
2011 90 E
2012 100 F
2013 115 G
Splice the two price index series to form one continuous series with 2010 as the base year.
Find the value of G.
143.75
140.75
142.25
145.50
150.75
1 answer