The following table provides the prices of three brands of a good during 2009 and 2010. a. Compute the unweighted aggregate price index for 2010, with 2009 as the base year.
B) Interpret the result.
C) Is the result an accurate representation of the changes?

Question

The following table provides the prices of three brands of a good during 2009 and 2010.  a. Compute the unweighted aggregate price index for 2010, with 2009 as the base year.
B) Interpret the result.
C) Is the result an accurate representation of the changes?

Quizplus · Accepted Answer

The Answer of The following table provides the prices of three brands of a good during 2009 and 2010.  a. Compute the unweighted aggregate price index for 2010, with 2009 as the base year.
B) Interpret the result.
C) Is the result an accurate representation of the changes?

The Following Table Provides the Prices of Three Brands of a Good