Question: Consider the following price data from 2009 to 2011 a. Compute and interpret the simple price index for each product, using 2009 as the base

Consider the following price data from 2009 to 2011

a. Compute and interpret the simple price index for each product, using 2009 as the base year.
b. Compute and interpret the un-weighted aggregate price index, using 2009 as the base year?

Year Product 1 Product 2 Product 3 2009 2010 2011 38 40 42 94 92 98 45 48 56

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