For Exercises 27 through 32, use the following information on food items for the years 2012 and
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For Exercises 27 through 32, use the following information on food items for the years 2012 and 2022.
Compute the Laspeyres price index for 2022 using 2012 as the base period.
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Item Margarine (pound) Shortening (pound) Milk (1/2 gallon) Potato chips Price $0.81 0.84 1.44 2.91 2012 Quantity 18 589 70 27 Price $2.00 1.88 2.89 3.99 2022 Quantity 27 9 65 33
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781265779696
19th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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