Using the price of the following food items,compute the aggregate index numbers for the four types of cheeses.Let 1990 be the base year for this market basket of goods.
$$\begin{array} { | l | l | l | l | }
\hline \text { Item Price/pound } & 1990 & 1995 & 2000 \
\hline \text { Cheddar } & 1.31 & 1.53 & 1.40 \
\hline \text { Swiss } & 1.99 & 2.21 & 2.15 \
\hline \text { Provolone } & 2.14 & 1.92 & 2.68 \
\hline \text { Pepper jack } & 2.89 & 3.38 & 3.10 \
\hline
\end{array}$$

Question

Using the price of the following food items,compute the aggregate index numbers for the four types of cheeses.Let 1990 be the base year for this market basket of goods.
$$\begin{array} { | l | l | l | l | } 
\hline \text { Item Price/pound } & 1990 & 1995 & 2000 \
\hline \text { Cheddar } & 1.31 & 1.53 & 1.40 \
\hline \text { Swiss } & 1.99 & 2.21 & 2.15 \
\hline \text { Provolone } & 2.14 & 1.92 & 2.68 \
\hline \text { Pepper jack } & 2.89 & 3.38 & 3.10 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the price of the following food items,compute the aggregate index numbers for the four types of cheeses.Let 1990 be the base year for this market basket of goods.
$$\begin{array} { | l | l | l | l | } 
\hline \text { Item Price/pound } & 1990 & 1995 & 2000 \
\hline \text { Cheddar } & 1.31 & 1.53 & 1.40 \
\hline \text { Swiss } & 1.99 & 2.21 & 2.15 \
\hline \text { Provolone } & 2.14 & 1.92 & 2.68 \
\hline \text { Pepper jack } & 2.89 & 3.38 & 3.10 \
\hline
\end{array}$$

Using the Price of the Following Food Items,compute the Aggregate