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

question 191

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 1994 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:

Company Acquires

Involves the process through which one company purchases most or all of another company's shares to gain control of that company.

Merger

The combination of two or more companies into one entity to enhance competitiveness and efficiency.

Eps Numbers

Earnings per share; a financial metric that divides a company's net profit by the number of outstanding shares, indicating the company's profitability on a per-share basis.

Income From Continuing Operations

Net income from the regular, ongoing activities of a business, excluding any effects of discontinued operations, extraordinary items, or other irregularities.