Question: Using 2000 as the base period compute a simple index
Using 2000 as the base period, compute a simple index of domestic sales for each year from 2000 until 2012. Interpret the trend in domesticsales.
Answer to relevant QuestionsUsing 2000 as the base period, compute a simple index of international sales for each year from 2001 until 2012. Interpret the trend in internationalsales.Compute a simple index for the number of employees for GE using the period 2004–06 as the base. What can you conclude about the change in the number of employees over theperiod?Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2000 and April 2013 are:Using April 2000 as the base period, find the value index of goods produced for April2013.Compute Laspeyres’ price index for 2013 using 2000 as the baseperiod.Compute Paasche’s index for 2013 using 2000 as the baseperiod.
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