SCENARIO 16-16
Given Below Are the Average Prices for Three

question 128

Short Answer

SCENARIO 16-16
Given below are the average prices for three types of energy products for five consecutive years. $$\begin{array} { r r r r } \text { Year } & \text { Electricity } & \text { Natural Gas } & \text { Fuel Oil } \\1 & 43.205 & 25.893 & 0.892 \\2 & 16.959 & 28.749 & 0.969 \\3 & 47.202 & 28.933 & 1.034 \\4 & 48.874 & 29.872 & 0.913 \\5 & 48.693 & 28.384 & 0.983\end{array}$$
-Referring to Scenario 16-16, what is the Paasche price index for the group of three energy
items in year 4 for a family that consumed 13 units of electricity, 26 units of natural gas and
235 units of fuel oil in year 4 using year 1 as the base year?

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Definitions:

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Tiny blood clots that run vertically under the nails, often indicative of an infection or other medical condition.

Olfactory Nerve

The first cranial nerve responsible for the sense of smell, transmitting sensory information from the nose to the brain.

Peppermint Oil

An essential oil obtained from the peppermint plant, used for its cooling, soothing properties, and in aromatherapy.