An index of clothing prices for 2014 based on 2000 is to be constructed. The clothing items considered are shoes and dresses. The information for prices and quantities for both years is given below. Use 2000 as the base period and 100 as the base value. Determine the Aggregate price index for 2014.
A) 111.8
B) 112.9
C) 113.3
D) 112.5
E) 113.0

Question

An index of clothing prices for 2014 based on 2000 is to be constructed. The clothing items considered are shoes and dresses. The information for prices and quantities for both years is given below. Use 2000 as the base period and 100 as the base value.  Determine the Aggregate price index for 2014.
A) 111.8 
B) 112.9 
C) 113.3 
D) 112.5 
E) 113.0

Quizplus · Accepted Answer

The Answer of An index of clothing prices for 2014 based on 2000 is to be constructed. The clothing items considered are shoes and dresses. The information for prices and quantities for both years is given below. Use 2000 as the base period and 100 as the base value.  Determine the Aggregate price index for 2014.
A) 111.8 
B) 112.9 
C) 113.3 
D) 112.5 
E) 113.0

An Index of Clothing Prices for 2014 Based on 2000