The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below. Using 2002 as
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The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below.
Using 2002 as the base period, find the value index of grains produced for August2012.
Transcribed Image Text:
2002 Production (millions of bushels) 116 2012 Production (millions of bushels) Grain Oats Wheat Corn Barley 2002 Price Per Bushel $1.81 3.56 2.32 2.72 2012 Price Per Bushel $3.8 7.9 6.9 6.4 64 8,967 227 10,780 220
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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