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TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
-Referring to Table 16-14, what is the Paasche price index for the group of three energy items in 1996 for a family that consumed 13 units of electricity, 26 units of natural gas and 235 units of fuel oil in 1996 using 1992 as the base year?
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