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

question 13

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 are the simple price indexes for electricity, natural gas and fuel oil, respectively, in 1995 using 1992 as the base year?

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Definitions:

Undocumented Workers

Individuals who are employed without the legal right to work in a country due to lack of proper visas or work permits.

Domestic Unskilled Labor

Workforce within a country that does not require specialized skills, education, or training.

Fiscal Burden

The impact of government spending on the economy, particularly in terms of tax and debt implications.

Low-skilled Immigrant

An individual from another country who moves to a new country with low levels of formal education or specialized skills.