An index of clothing prices for 2014 based on 2000 is to be constructed. The prices for 2000 and
2014 and the quantity consumed in 2000 are shown below.
Assuming that the number sold remained constant, i.e., the same number were sold in 2014 as in
2000, what is the weighted index of price for 2014 using 2000 as the base?
A) 206.7
B) 214.5
C) 48.4
D) 46.6
E) 240.0

Question

An index of clothing prices for 2014 based on 2000 is to be constructed. The prices for 2000 and
2014 and the quantity consumed in 2000 are shown below. 
Assuming that the number sold remained constant, i.e., the same number were sold in 2014 as in
2000, what is the weighted index of price for 2014 using 2000 as the base?
A) 206.7 
B) 214.5 
C) 48.4 
D) 46.6 
E) 240.0

Quizplus · Accepted Answer

214.5

An Index of Clothing Prices for 2014 Based on 2000