Construct a price index for all three years


Given the cost of basket of goods, compute the price index.

A given basket of goods cost $600 in 2001; $800 in 2002; and $875 in 2003. Construct a price index for all three years utilizing 2001 as a base year.

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Business Economics: Construct a price index for all three years
Reference No:- TGS022474

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