Exhibit 19-4.Consider the following data on the prices (in dollars)of three items,A,B,and C,from 2000 through 2002. Refer to Exhibit 19-4.If the price of item C in 2002 was 210 instead of 207,calculate the unweighted price index for 2002 for the three items,using 2000 as the base year.
A)98.09
B)100.45
C)102.03
D)101.94

Question

Exhibit 19-4.Consider the following data on the prices (in dollars)of three items,A,B,and C,from 2000 through 2002.  Refer to Exhibit 19-4.If the price of item C in 2002 was 210 instead of 207,calculate the unweighted price index for 2002 for the three items,using 2000 as the base year.
A)98.09 
B)100.45 
C)102.03 
D)101.94

Quizplus · Accepted Answer

The Answer of Exhibit 19-4.Consider the following data on the prices (in dollars)of three items,A,B,and C,from 2000 through 2002.  Refer to Exhibit 19-4.If the price of item C in 2002 was 210 instead of 207,calculate the unweighted price index for 2002 for the three items,using 2000 as the base year.
A)98.09 
B)100.45 
C)102.03 
D)101.94