The Australian Bureau of Statistics Regularly Publishes the Average Retail

question 6

Essay

The Australian Bureau of Statistics regularly publishes the average retail prices of selected items for each Australian capital city. The following table presents the prices of oranges, bananas, potatoes, tomatoes, carrots and onions in Melbourne during the June quarter in 2008 and 2010. $$\begin{array}{l}\text { Fruit and vegetable prices } ( \$ / \mathrm { kg } )\\\begin{array} { | l | c | c | } \hline \text { Item } & \text { June 2008 } & \text { June 2010 } \\\hline \text { Oranges } & 2.98 & 2.95 \\\hline \text { Bananas } & 2.32 & 2.37 \\\hline \text { Potatoes } & 2.69 & 2.44 \\\hline \text { Tomatoes } & 3.72 & 4.59 \\\hline \text { Carrots } & 2.20 & 1.95 \\\hline \text { Onions } & 2.57 & 2.35 \\\hline\end{array}\end{array}$$ Construct a simple aggregate index of the prices for the fruit and vegetable group using June 2008 as the base period.

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Definitions:

Adults Aged 25 to 34

Individuals who fall within the age range of 25 to 34 years old, often considered young adults facing transitional life events such as career development or starting a family.

Inborn Dispositions

Natural tendencies, traits, or characteristics that an individual possesses from birth, influencing behavior, preferences, and abilities.

Environmental Determinants

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Men Age 18-24

Young adult males in this specific age range, often experiencing transitions in education, work, and social identity.