In the Following Table, We Present Prices for Three Commonly
Question 104
Question 104
Multiple Choice
In the following table, we present prices for three commonly used products—bread, fruits, and beverages—for the years 2008 through 2012. Year 20082009201020112012 Bread ($ per loaf) $1.21$1.23$1.29$1.35$1.42 Fruits ($ per kg) $2.18$2.35$2.41$2.54$2.87 Beverages ($ per L) $0.75$0.75$0.77$0.77$0.78 Consider a family with the following yearly consumption for these products for the years 2008 through 2012. Year 20082009201020112012 Bread (loaves) 2,2002,2002,2002,2002,200 Fruits (kg) 250235210180140 Beverages (L) 2,4002,4502,5802,6902,810 Answer the following questions using 2008 as the base year.
-Compute the Paasche index for 2011.
A) 101.68 B) 112.67 C) 105.46 D) 108.41 E) 100
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