TABLE 16-15
Given Below Are the Prices of a Basket

question 156

Short Answer

TABLE 16-15
Given below are the prices of a basket of four food items from 1996 to 2000.
$\begin{array}{ccccc}\text { Year } & \begin{array}{c}\text { Wheat } \\\text { (\$/Bushel) }\end{array} & \begin{array}{c}\text { Corn } \\\text { (\$/Bushel) }\end{array} & \begin{array}{c}\text { Soybeans } \\\text { (\$/Bushel) }\end{array} & \begin{array}{c}\text { Milk } \\\text { (\$/hundredweight) }\end{array} \\\hline 1996 & 4.25 & 3.71 & 7.41 & 15.03 \\1997 & 3.43 & 27 & 7.55 & 13.63 \\1998 & 2.63 & 23 & 6.05 & 15.18 \\1999 & 2.11 & 1.97 & 4.68 & 14.72\\2000 & 2.16 & 1.9 & 4.81 & 12.32\end{array}$

$\begin{array}{lllll}\end{array}$

-Referring to Table 16-15, what are the simple price indexes for wheat, corn, soybeans and milk, respectively, in 1998 using 2000 as the base year?

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Definitions:

Prenatal Activity

Activities or behaviors exhibited by a fetus in the womb, including movements and responses to different stimuli.

Zygote

The initial cell formed when a new organism is produced by sexual reproduction, resulting from the union of sperm and egg cells.

Second Trimester

The period of pregnancy from the 13th to the 26th week, often marked by a decrease in pregnancy symptoms and the growth of the fetus becoming more evident.

Fetus

A fetus is a developing stage of a mammal after the embryonic phase and before birth, in humans typically from the ninth week of pregnancy until birth.