Suppose the table below lists the price and consumption levels of food and clothing during 1990 and 2000. Calculate a Laspeyres and Paasche index using 1990 as the base year. 
Definitions:
Dicta
Latin term referring to nonbinding, nonprecedential judicial statements that are not directly related to the facts or issues presented in the case and thus are not essential to the holding.
Appellate Court
A court that reviews the decisions of lower courts to ensure the law was applied correctly.
Interpretation
The act of determining the meaning or significance of legal texts, statutes, or regulations, often involving analysis by a court or legal authority.
Reverse
To overturn the judgment of a lower court.
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