TABLE 16-1
Given below are the average prices for three types of energy products for five consecutive years.
-Referring to Table 16-1, what is the Paasche price index for the group of three energy items in 2004 for a family that consumed 13 units of electricity, 26 units of natural gas and 235 units of fuel oil in year 3 using year 1 as the base year?

Question

TABLE 16-1
Given below are the average prices for three types of energy products for five consecutive years. 
-Referring to Table 16-1, what is the Paasche price index for the group of three energy items in 2004 for a family that consumed 13 units of electricity, 26 units of natural gas and 235 units of fuel oil in year 3 using year 1 as the base year?

Quizplus · Accepted Answer

The Answer of TABLE 16-1
Given below are the average prices for three types of energy products for five consecutive years. 
-Referring to Table 16-1, what is the Paasche price index for the group of three energy items in 2004 for a family that consumed 13 units of electricity, 26 units of natural gas and 235 units of fuel oil in year 3 using year 1 as the base year?

TABLE 16-1 Given Below Are the Average Prices for Three Types of Types