TABLE 16-14
Given Below Are the Average Prices for Three

question 116

Short Answer

TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
$$\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}$$
-Referring to Table 16-14, what is the Paasche price index for the group of three energy items in 1994 for a family that consumed 13 units of electricity, 26 unites of natural gas and 235 units of fuel oil in 1994 using 1992 as the base year?

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Definitions:

Other Assets

Non-current assets that do not fit into the standard categories of fixed assets, investments, or intangible assets, usually including long-term receivables and deferred charges.

Remaining Assets

Assets that are left over after certain liabilities or expenses have been deducted.

Liquidation

The process of winding up a company's affairs by selling its assets to pay off its debts.