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TABLE 16-14
Given Below Are the Average Prices for Three

Question 126

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TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
 Year  Electricity  N atural Gas  Fuel Oil 199243.20525.8930.892199316.95928.7490.969199447.20228.9331.034199548.87429.8720.913199648.69328.3840.983\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}
-Referring to Table 16-14, what is the Laspeyres price index for the group of three energy items in 1995 for a family that consumed 15 units of electricity, 24 units of natural gas and 200 units of fuel oil in 1992 using 1992 as the base year?

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