Marshall-Edgeworth Price Index Calculator

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✖Laspeyres Price Index is a measure used in economics to calculate the average change in the price of a fixed basket of goods and services between two periods.ⓘ Laspeyres Price Index [LPI]			+10% -10%
✖Paasche Price Index is used to measure the average change in the prices of a basket of goods and services between two periods.ⓘ Paasche Price Index [PPI]			+10% -10%

✖Marshall Edgeworth Price Index is a method used to calculate the average change in the price of a basket of goods and services over time.ⓘ Marshall-Edgeworth Price Index [MEI]

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Marshall-Edgeworth Price Index Solution

STEP 0: Pre-Calculation Summary

Formula Used

Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2
MEI = (LPI+PPI)/2
This formula uses 3 Variables

Variables Used

Marshall Edgeworth Price Index - Marshall Edgeworth Price Index is a method used to calculate the average change in the price of a basket of goods and services over time.
Laspeyres Price Index - Laspeyres Price Index is a measure used in economics to calculate the average change in the price of a fixed basket of goods and services between two periods.
Paasche Price Index - Paasche Price Index is used to measure the average change in the prices of a basket of goods and services between two periods.

STEP 1: Convert Input(s) to Base Unit

Laspeyres Price Index: 405 --> No Conversion Required
Paasche Price Index: 400 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

MEI = (LPI+PPI)/2 --> (405+400)/2

Evaluating ... ...

MEI = 402.5

STEP 3: Convert Result to Output's Unit

402.5 --> No Conversion Required

FINAL ANSWER

402.5 <-- Marshall Edgeworth Price Index

(Calculation completed in 00.004 seconds)

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Created by Vishnu K

BMS College of Engineering (BMSCE), Bangalore

Vishnu K has created this Calculator and 200+ more calculators!

Verified by Kashish Arora

Satyawati College (DU), New Delhi

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< Equity Calculators

Margin Call Price

LaTeX Go Margin Call Price = Initial Purchase Price*((1-Initial Margin Requirement)/(1-Maintenance Margin Requirement))

Fisher Price Index

LaTeX Go Fisher Price Index = sqrt(Laspeyres Price Index*Paasche Price Index)

Marshall-Edgeworth Price Index

LaTeX Go Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2

Maximum Leverage Ratio

LaTeX Go Maximum Leverage Ratio = 1/Initial Margin Requirement

Marshall-Edgeworth Price Index Formula

LaTeX Go

Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2
MEI = (LPI+PPI)/2

What is Marshall-Edgeworth Price Index?

The Marshall-Edgeworth Price Index is based on the geometric mean of the Laspeyres and Paasche price indexes. The Laspeyres index measures price changes by fixing the quantities consumed at a base period, while the Paasche index measures price changes by fixing the expenditure at the base period.
Alfred Marshall (1842-1924) was an English economist who is widely considered to be the father of modern neoclassical economics. Marshall’s book, Principles of Economics (1890), is one of the most influential textbooks in the history of economic thought. Francis Ysidro Edgeworth (1845-1926) was an Anglo-Irish economist and philosopher. Edgeworth was one of the earliest proponents of using statistics to analyze economic questions.

How to Calculate Marshall-Edgeworth Price Index?

Marshall-Edgeworth Price Index calculator uses Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2 to calculate the Marshall Edgeworth Price Index, The Marshall-Edgeworth Price Index formula is defined as a method used to calculate a price index, which is a measure of the average level of prices for a specified set of goods and services over a period of time. Marshall Edgeworth Price Index is denoted by MEI symbol.

How to calculate Marshall-Edgeworth Price Index using this online calculator? To use this online calculator for Marshall-Edgeworth Price Index, enter Laspeyres Price Index (LPI) & Paasche Price Index (PPI) and hit the calculate button. Here is how the Marshall-Edgeworth Price Index calculation can be explained with given input values -> 402.5 = (405+400)/2.

FAQ

What is Marshall-Edgeworth Price Index?

The Marshall-Edgeworth Price Index formula is defined as a method used to calculate a price index, which is a measure of the average level of prices for a specified set of goods and services over a period of time and is represented as MEI = (LPI+PPI)/2 or Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2. Laspeyres Price Index is a measure used in economics to calculate the average change in the price of a fixed basket of goods and services between two periods & Paasche Price Index is used to measure the average change in the prices of a basket of goods and services between two periods.

How to calculate Marshall-Edgeworth Price Index?

The Marshall-Edgeworth Price Index formula is defined as a method used to calculate a price index, which is a measure of the average level of prices for a specified set of goods and services over a period of time is calculated using Marshall Edgeworth Price Index = (Laspeyres Price Index+Paasche Price Index)/2. To calculate Marshall-Edgeworth Price Index, you need Laspeyres Price Index (LPI) & Paasche Price Index (PPI). With our tool, you need to enter the respective value for Laspeyres Price Index & Paasche Price Index and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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