The following table provides the prices of a good over three consecutive years. a. Compute the simple price index for 2010 using 2009 as the base year.
B) If the base year is changed to 2010, compute the simple price index for 2011.

Question

The following table provides the prices of a good over three consecutive years.  a. Compute the simple price index for 2010 using 2009 as the base year.
B) If the base year is changed to 2010, compute the simple price index for 2011.

Quizplus · Accepted Answer

The Answer of The following table provides the prices of a good over three consecutive years.  a. Compute the simple price index for 2010 using 2009 as the base year.
B) If the base year is changed to 2010, compute the simple price index for 2011.

The Following Table Provides the Prices of a Good Over