Suppose a consumer buys 10 units of good X and 20 units of good Y every year.The following table lists the prices of goods X and Y in the years 2008-2010.Assume that these two goods constitute the typical market basket.Calculate the price indices for these years with 2008 as the base year.Comment on the inflation picture for these years.

Question

Suppose a consumer buys 10 units of good X and 20 units of good Y every year.The following table lists the prices of goods X and Y in the years 2008-2010.Assume that these two goods constitute the typical market basket.Calculate the price indices for these years with 2008 as the base year.Comment on the inflation picture for these years.
Suppose a consumer buys 10 units of good X and 20 units of good Y every year.The following table lists the prices of goods X and Y in the years 2008-2010.Assume that these two goods constitute the typical market basket.Calculate the price indices for these years with 2008 as the base year.Comment on the inflation picture for these years.

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The Answer of Suppose a consumer buys 10 units of good X and 20 units of good Y every year.The following table lists the prices of goods X and Y in the years 2008-2010.Assume that these two goods constitute the typical market basket.Calculate the price indices for these years with 2008 as the base year.Comment on the inflation picture for these years.

Suppose a Consumer Buys 10 Units of Good X and 20