Suppose three goods are used to calculate a price index. The goods, their prices, and respective...

 

 

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Suppose three goods are used to calculate a price index. The goods, their prices, and respective index weights are displayed above for two years Calculate the 2012 price index assuming the index for 2011 is your base year (equal to 100). Notes: Round your answer and intermediate steps to four decimal places. Goods Weight 2011 price (USD) 2012 price (USD) 10 10.7 8,08 6.8 X Y Z 0.3 0.3 0.4 8 6 Suppose three goods are used to calculate a price index. The goods, their prices, and respective index weights are displayed above for two years. Calculate the 2012 price index assuming the index for 2011 is your base year (equal to 100). Notes: Round your answer and intermediate steps to four decimal places. Suppose three goods are used to calculate a price index. The goods, their prices, and respective index weights are displayed above for two years Calculate the 2012 price index assuming the index for 2011 is your base year (equal to 100). Notes: Round your answer and intermediate steps to four decimal places. Goods Weight 2011 price (USD) 2012 price (USD) 10 10.7 8,08 6.8 X Y Z 0.3 0.3 0.4 8 6 Suppose three goods are used to calculate a price index. The goods, their prices, and respective index weights are displayed above for two years. Calculate the 2012 price index assuming the index for 2011 is your base year (equal to 100). Notes: Round your answer and intermediate steps to four decimal places.

Answer rating: 100% (QA)

To calculate the price index for 2012 we use the formula ... View the full answer