Based on the following data, construct L...

Based on the following data, construct Laspeyre's and Paasche's Price Indices for 2017 and 2018 with 2004 as base:

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`P_(01)(2017)=(Sigmap_(1)q_(0))/(Sigmap_(0)q_(0))xx100`
`=(56.8)/(40)xx100=142`
`P_(02)(2018)=(Sigmap_(2)q_(0))/(Sigmap_(0)q_(0))xx100`
`=(70)/(40)xx100=175`

Paasche's Price Index:
`P_(01)(2017)=(Sigmap_(1)q_(1))/(Sigmap_(0)q_(1))xx100`
`=(60)/(48)xx100=125`
`P_(02)(2018)=(Sigmap_(2)q_(2))/(Sigmap_(0)q_(2))xx100`
`=(76)/(46.4)xx100=163.79`

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Based on the following data, construct Laspeyre's and Paasche's Price Indices for 2017 and 2018 with 2004 as base:

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