SCENARIO 16-16
Given below are the average prices for three types of energy products for five consecutive years. $$\begin{array} { r r r r }
\text { Year } & \text { Electricity } & \text { Natural Gas } & \text { Fuel Oil } \
1 & 43.205 & 25.893 & 0.892 \
2 & 16.959 & 28.749 & 0.969 \
3 & 47.202 & 28.933 & 1.034 \
4 & 48.874 & 29.872 & 0.913 \
5 & 48.693 & 28.384 & 0.983
\end{array}$$
-Referring to Scenario 16-16, what are the simple price indices for electricity, natural gas and
fuel oil, respectively, in year 3 using year 1 as the base year?

Question

SCENARIO 16-16
Given below are the average prices for three types of energy products for five consecutive years. $$\begin{array} { r r r r } 
\text { Year } & \text { Electricity } & \text { Natural Gas } & \text { Fuel Oil } \
1 & 43.205 & 25.893 & 0.892 \
2 & 16.959 & 28.749 & 0.969 \
3 & 47.202 & 28.933 & 1.034 \
4 & 48.874 & 29.872 & 0.913 \
5 & 48.693 & 28.384 & 0.983
\end{array}$$
-Referring to Scenario 16-16, what are the simple price indices for electricity, natural gas and
fuel oil, respectively, in year 3 using year 1 as the base year?

Quizplus · Accepted Answer

The Answer of SCENARIO 16-16
Given below are the average prices for three types of energy products for five consecutive years. $$\begin{array} { r r r r } 
\text { Year } & \text { Electricity } & \text { Natural Gas } & \text { Fuel Oil } \
1 & 43.205 & 25.893 & 0.892 \
2 & 16.959 & 28.749 & 0.969 \
3 & 47.202 & 28.933 & 1.034 \
4 & 48.874 & 29.872 & 0.913 \
5 & 48.693 & 28.384 & 0.983
\end{array}$$
-Referring to Scenario 16-16, what are the simple price indices for electricity, natural gas and
fuel oil, respectively, in year 3 using year 1 as the base year?

SCENARIO 16-16 Given Below Are the Average Prices for Three

SCENARIO 16-16
Given Below Are the Average Prices for Three