https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png 0 0 Davie https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png Davie2019-06-26 13:36:092019-06-26 13:36:09the cost of a market basket of goods
the cost of a market basket of goods
Suppose in 2014, the cost of a market basket of goods was $1,989. In 2016, the cost of the same market basket of goods was $2,141. Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.
My answer is 107.6, but that does not seem right. Please explain.
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality