consider the following data set on the price and, Econometrics

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consider the following data set on the price and

Consider the following data set on the price and quantity of various commodities for 2008 and 2013. Calculate the GDP deflator. What are the values for the Laspeyres and Paasche indices? Is any of the price indices clearly better? Why or why not?
Commodities Quantity 2008 Price 2008 Quantity 2013 Price 2013 A 12 8

10 14 B 9 7 9 5 C 10 9 7 6 D 14 10 14 10

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Econometrics: consider the following data set on the price and

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