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An Index of Clothing Prices for 2006 Based on 1985

Question 48

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An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown next. An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown next. Assuming that the number sold remained constant , what is the weighted index of price for 2006 using 1985 as the base? A) 206.7 B) 214.5 C) 48.4 D) 46.6 Assuming that the number sold remained constant , what is the weighted index of price for 2006 using 1985 as the base?


A) 206.7
B) 214.5
C) 48.4
D) 46.6

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