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Answers to supplementary objective test questions

9.5 C

Year 20X1 20X2 Q 1/Q 0 w × Q 1/Q 0

P 0 Q 0 P 1 Q 1

Widgets $10.50 100 $11.55 109 1.09 11.445

Wodgets $25.00 25 $26.25 30 1.2 30

Thingies $53.00 1,100 $54.06 1,155 1.05 55.65

Index = ∑ [w × (q 1/q 0)]/∑w × 100

Index = [11.445 + 30 + 55.65]/(10.5 + 25 + 53) × 100

Index = 97.095/88.5 × 100 = 110

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