Question: Determine a value index for 2013 using 2000 as the baseperiod. 2000 2013 Quantity 18 Item Margarine (pound) Shortening (pound) Milk (% gallon) Potato chips

Determine a value index for 2013 using 2000 as the baseperiod.

2000 2013 Quantity 18 Item Margarine (pound) Shortening (pound) Milk (% gallon) Potato chips Price $0.81 0.84 1.44 2.91 Price $2.00 1.88 2.89 3.99 Quantity 27 70 27 65

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