TABLE 16-15 Given Below Are the Average Prices for Three Types of Types

question 44

Short Answer

TABLE 16-15
Given below are the average prices for three types of energy products for five consecutive years.
-Referring to Table 16-15,what is the Laspeyres price index for the group of three energy items in year 4 for a family that consumed 15 units of electricity,24 units of natural gas and 200 units of fuel oil in year 1 using year 1 as the base year?

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Definitions:

Prediabetes

A condition with higher than normal blood sugar levels, but not high enough to be classified as type 2 diabetes, indicating a high risk for developing diabetes in the future.

Hypoglycemia

A condition where blood sugar levels drop below the normal range, causing symptoms like dizziness, shaking, and confusion.

Type 2 Diabetes

A chronic condition that affects the way the body processes blood sugar (glucose), characterized by insulin resistance and/or deficiency.

Blindness

is the condition of lacking visual perception due to physiological or neurological factors.