Question: Using the table below and a benchmark year of 1992, what is the price index for 1996? YEAR BEET PRODUCTION (TONS) OUTPUT INDEX PRICE OF

Using the table below and a benchmark year of 1992, what is the price index for 1996? YEAR BEET PRODUCTION (TONS) OUTPUT INDEX PRICE OF BEETS ($/TON) PRICE INDEX 1988 4,598 $0.557 1992 6,584 1.00 $0.697 1.000 1996 7,548 1 $0.856 0.799 0.814 1.228 O 1.251

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