Question: Using 2004 as the base period, compute a series of simple price indexes for the prices of gold and silver for the period 2004 to

Using 2004 as the base period, compute a series of simple price indexes for the prices of gold and silver for the period 2004 to 2009, Interpret your results.

2004 $409.72 S444.74 $603.46 $695.39 $871.96 $972.35 $6.61 7.3164 $11.5452 $13.3836 $14.9891 $14.6733 2005 2006 2007 2008 2009 (a) Gold price per ounce (b) Silver price per ounce

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