In the following table, we present prices for three commonly used products—bread, fruits, and beverages—for the years 2008 through 2012.
Consider a family with the following yearly consumption for these products for the years 2008 through 2012.
Answer the following questions using 2008 as the base year.
-Compute the Laspeyres index for 2011.
A) 100
B) 101.73
C) 108.91
D) 105.62
E) 114.11
Correct Answer:
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