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Company x sells 12000 widgets in 2010 and 12600 widgets in

Company X sells 12,000 widgets in 2010 and 12,600 widgets in 2011.

(a) Calculate the quantity relative for widgets for Company A for 2011 with 2010 as the base year.

Company Y also sells widgets. Company Y sells widgets at £3.60 in 2010 and at £4.14 in 2011.

(b) Calculate the price relative for widgets for Company Y for 2011 with 2010 as the base year.

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Macroeconomics: Company x sells 12000 widgets in 2010 and 12600 widgets in

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