Question: 2013 2014 2015 33. Using 2010 as the base period, compute a series of simple price indexes for the price of a certain precious metal
2013 2014 2015 33. Using 2010 as the base period, compute a series of simple price indexes for the price of a certain precious metal for the period 2010 to 2015. Interpret the results 2010 2011 2012 Price per Ounce $1398.94 $1791.96 $1725,83 51298.87 51346.46 51465.16 Complete the table (Round to two decimal places as needed.) Year Simple Price Index 2010 2011 2012 2013 2014 2015 Interpret the results by % in 2011. (2) by % in 2013 (4) by % in Relative to 2010, the price of the precious metal (1) % in 2012, (3) by 2014, and (5) by % in 2015 (Round to two decimal places as needed.) (3) (5) (1) O increased O decreased (2) O increased decreased decreased increased (4) O decreased O increased decreased increased
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