Compute a simple aggregate price index. Use 2010 as the base period. Price Quantity Item 2010 2018

Compute a simple aggregate price index. Use 2010 as the base period.

Transcribed Image Text:

Price Quantity Item 2010 2018 2010 2018 Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) $0.82 $0.86 1,000 1,200 4.37 2.99 5,000 4,000 71.21 58.15 60,000 60,000 1,743.60 1,292.53 500 600