Economy, asked by cheturonghe21, 1 month ago

construct the price index from the following data by taking 2014 as the base year

Answers

Answered by jhas78102

17

Answer:

Goods Weight

(W) 2004 Price

(P0) 2014 Price

(P2) R=P2P0×100 RW

A 5 10 14 1410×100=140 700

B 3 5 8 85×100=160 480

C 2 4 7 74×100=175 350

ΣW = 10 ΣRW = 1530

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