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be stated that: (0) Among the Laspeyres, Paas che, Fisher and Marshall-Edgeworth, which alone satisfies the condition reversal in time is to Fisher. (1) The index Laspeyres index overestimates the true cost of living. (2) The index Paasche index understates the true cost of living. (3) By multiplying a price index by a Fisher quantity index of Marshall-Edgeworth g ives a simple index of sales value. ISSUE 12-1992 can be made the following statements regarding the Laspeyres (IL) and Paasche (IP): (0) IP is always lower than the IL because it results from a h armonic mean and arithmetic mean of IL . (1) IL weights are fixed. (2) The cost of lifting the index is greater than the Paasche index Laspayres. (3) Multiplyin g the amount of IL for IP price results in the value index. (4) The Cost of Livi ng Index is always overestimated and underestimated by the IL by IP. QUESTION 2 In relation to the construction of index numbers we can say that (0) The Laspeyres price index is a weighted arithmetic average of relative indices, and the weighting factors the values of the items considered in the base period. The actual rate of Fisher is the harmonic mean of numbers-Laspeyres and Paasche . Deflator is any price index used to treat, for reduction, monetary values for different times to the monetary value of a given time taken as the base. If the production of certain product in 1991 was 520,000 tonnes and in 1992 was 503 000 tons, we can say that there was a decrease of 5% in production between these tw o years. (One) (2) (3) ISSUE 8-1995 The National Index of Consumer Prices (INPC) has the following char acteristics: (0) is calculated monthly by the Fundacao Getulio Vargas. (1) follo ws from the weighted arithmetic average of the indices of consumer prices, whole sale prices and prices of construction. (2) covers all state capitals in Brazil. (3) perfectly measured inflation in the country. (4) is a modified version of t he Laspeyres price index. ISSUE 11-1996 (was scheduled issue 12) Consider the information about prices and quantities consumed by a group of families in two successive periods given in t he following table: TIME WELL 0 Price (in Dollars) Sugar Bean Beef We can say th at (0 ) The percentage change in the price level by the Paasche index was 20% an d the Laspeyres index was 30%. (1) The percentage change in the price level by t he Laspeyres index was greater than the variation for the Paasche index. (2) Bot h percentage changes were lower than at least 30%. (3) The percentage change in the price level by the Laspeyres index was above 35%. (4) The percentage change in the price level by the Laspeyres index was just 37.5% and the Paasche index w as above 25%. (5) The percentage change in the price level by the Laspeyres inde x was just 37.5% and the Paasche index was below 25%. ISSUE 13-1997 Assuming the following data refer to the basic consumption of a low-income family, determine the inflation (or price changes) that have occurred within the period specified for the set of basic consumer items, using, as well , the Laspeyres method. Pla ce the response expressed as a percentage. Shares of spending on Jan/95 (%) 11 8 10 6 18 6 7 9 10 15 100 Rate per unit 1.00 1.00 1.00 Quantity (kg) 4 2 2 1 PERI OD Price (in Dollars) 1, 50 2.00 0.50 Quantity (Kg) 2 1 2 Items rice bean oil bread flour sugar margarine milk coffee Total meat Janeiro/95 0.75 0.50 0.45 0.75 1.00 0.45 4.50 0.60 1.70 1.80 -

January/96 0.90 0.80 0.63 1.05 2.00 0.63 6.75 0.78 2.55 2.16 ISSUE 3-1999 Based on the theory of index numbers, one can assert that: (0) Lasp eyres price and quantity can be obtained by considering, respectively, for the s imple indices of prices and quantities for different property values in the base period. (1) In relation to the index of Laspeyres and Paasche, the Fisher's have two advantages: watch the property of reversal in time, and the price index times th e quantity is equal to the value index. (2) The Laspeyres price index is generally higher than the price index Paasche, because for the first, the weighting is fixed at the time base and the second is variable in the current era. (3) the Fisher indices, defined as the geometric mean of the Laspeyres and Paasche, are always larger than the latter two. ISSUE 02-2000 The table below shows, for the years 1994 and 1999, hypothetical d ata on prices and quantities of six different products sold by some company. Cal culate the percentage change in the price of the company's products will be show n, using the Paasche index. 1994 Type of pro duct ABCDEF Price 5 7 2 3 1 2 Quant ity sells 80 100 200 600 300 100 Price June 20 April 5 March 2, 1999 Number Sold 100 200 500 200 200 1000 ISSUE 02-2001 Regarding the price and Paasche can compare the cost th the cost of acquisition of the e Laspeyres index understates the he Paasche index overestimates. mean of the Laspeyres and Paasche f the causes. If the price of a of cost of living index of 0.4%, penses typical object of research indices, it is correct to say: The Laspeyres of acquiring a basket of goods in period t, wi same basket of goods in the base period . Th variation in price between two moments while t The index of Fischer is given by the harmonic and obeys the criterion of the decomposition o product had increased by 16% and led to growth then that product represents 2.5% of family ex for family budgets.

Taking the year as a zero base, the following values were observed for 1 year: index of nominal GDP = 120; Laspeyres quantity index = 80. One can then conclud e that the rate of inflation in the period, measured by the implicit deflator of GDP was 50%. ISSUE 01-2003 Regarding the index numbers, is correct to say that: the Fisher index is a harmonic mean of the Paasche and Laspeyres indexes; t he Laspeyres price index is a harmonic mean of relative price-weighted value of goods in the base period; the Paasche price index is an arithmetic average of relative price-weighted value of assets in the current period; although the La speyres and Paasche not meet the criterion of the decomposition of the causes, t he cross product a Laspeyres price for a Paasche quantity satisfies; the Paasc he price index can be calculated by dividing a value index by a Laspeyres quanti ty index. ISSUE 01-2004 Given the following information: Σp1q0 Σp0q0 = 32 = 25 = 48 Σp1q1 Σp0q1 = 41 Is it correct to say that the value of the specified indexes below for the perio d t = 1 (use two decimals) is Laspeyres Price: 1.64. Paasche Price: 1.17. Laspeyres quantity: 1.28. Paasche quantity: 1.20. An index value that satisf ies the criterion for decomposition of causes: 1.50. I UE 01-2005 Regarding ind ex numbers, is correct to say: The Fisher quantity index is the square root of the product of quantity indices of Laspeyres and Paasche. The Laspeyres price index is the arithmetic mean of relative prices weighted by share of expenditur e on each good at the present time. The Paasche price index is the arithmetic average of relative price-weighted value of each asset at the time base. The L aspeyres and Paasche meet the criterion for time reversal. The difference betw een the Laspeyres and Paasche is on the way are weighted.

I UE 01-2006 Regarding the index numbers are correct the statements: The calc ulation of the Laspeyres price index requires that prices and quantities for all periods are calculated together. The calculation of the Paasche quantity inde x requires only the prices or quantities are established in all periods. The P aasche price index compares the cost of a basket of products in the current peri od, valued at current prices, the cost of one basket at the prices of the base p eriod. The price index of Fischer meets the criterion of reversal in time. A s the negative correlation between relative prices and relative quantities, the price index of Laspeyres is greater than the Paasche price index. I UE 10-2007 the Laspeyres price considering the prices of inputs in two seasons, initial a nd current, using as weights arbitrary amount for these inputs in the early days . In the calculation of the Paasche price index basket of goods is fixed in th e Laspeyres and the basket is variable. The Laspeyres price index is the geome tric mean of the Fisher price indices and Paasche. The division of the Laspeyr es Price Index of the Paasche quantity index enables to obtain the index value. The Paasche price index weights price of inputs in two seasons, initial and cu rrent, using as weights arbitrary amount for these inputs in the current era.

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