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

question 176

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 Laspeyres price index for the group of three energy items in 1996 for a family that consumed 15 units of electricity, 24 units of natural gas and 200 units of fuel oil in 1992 using 1992 as the base year?

---

Definitions:

Acrosomes

Enzyme-cap structures at the tip of sperm cells that help penetrate the egg during fertilization.

Nutrients

Nutrients are substances obtained from food that are vital for growth, metabolism, and for other body functions.

Hormones

Hormones are chemical messengers produced by the endocrine glands that regulate various functions of the body like growth, metabolism, and reproduction.

Asexual Reproduction

The process by which an organism creates a genetically identical copy of itself without the involvement of sexual gametes.