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To find weighted aggregate price index using Laspeyres and Paasche method.

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a. The following table reports prices and usage quantities for two years in 1990 and 1992.

Item 1990 1992 1990 1992
A 1450 1500 9 11
B 540 650 4 6.5

(a)  Compute a weighted aggregate price index for the two items using the Laspeyres method.

(b)  Compute a weighted aggregate price index for the two items using the Paasche method.

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