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 aggregate price index for 2011.
A) 110.67
B) 116.67
C) 111.11
D) 112.56
E) 114.86
Correct Answer:
Verified
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