Solved

TABLE 16-14
Given Below Are the Average Prices for Three

Question 65

Short Answer

TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
 Year  Electricity  N atural Gas  Fuel Oil 199243.20525.8930.892199316.95928.7490.969199447.20228.9331.034199548.87429.8720.913199648.69328.3840.983\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}
-Referring to Table 16-14, what is the Paasche price index for the group of three energy items in 1994 for a family that consumed 13 units of electricity, 26 unites of natural gas and 235 units of fuel oil in 1994 using 1992 as the base year?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: TABLE 16-3
The following table contains the

Q61: TABLE 16-15
Given below are the

Q62: TABLE 16-6
The number of cases of

Q63: TABLE 16-7
The number of passengers arriving at

Q64: TABLE 16-6
The number of cases of

Q66: TABLE 16-9
The executive vice-president of a

Q67: TABLE 16-7
The number of passengers arriving at

Q68: TABLE 16-9
The executive vice-president of a

Q69: TABLE 16-14
Given below are the

Q70: TABLE 16-8
The president of a chain

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents