Question: Determine a value index for 2014 using 2005 as the base period. Prices for selected foods for 2005 and 2014 are given in the following

Determine a value index for 2014 using 2005 as the base period. Prices for selected foods for 2005 and 2014 are given in the following table: 2005 2014 Item Price ($) Quantity Price ($) Quantity Cabbage (500 g) $0.60 2000 $0.90 1500 Carrots (bunch) 0.49 200 0.69 200 Peas (kilograms [kg]) 1.99 400 2.99 500 Endive (bunch) 0.89 100 1.29 200

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