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    Business Statistics Communicating with Numbers Study Set 1
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    Exam 19: Returns, Index Numbers and Inflation
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    The Following Table Provides the Prices of a Good Over
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The Following Table Provides the Prices of a Good Over

Question 81

Question 81

Short Answer

The following table provides the prices of a good over three consecutive years. 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. 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.

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