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

question 145

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 Laspeyres price index for the group of three energy
items in year 5 for a family that consumed 15 units of electricity, 24 units of natural gas and
200 units of fuel oil in year 1 using hear 1 as the base year?

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Definitions:

Myocardial Infarction

A medical condition commonly known as a heart attack, characterized by the interruption of blood flow to a part of the heart, causing heart muscle damage.

Angina Pectoris

A condition marked by severe chest pain due to insufficient blood flow to the heart muscle, often a symptom of coronary artery disease.

Stroke

A medical condition caused by the interruption of blood supply to part of the brain, leading to cell death and potentially resulting in paralysis, speech difficulties, and other health issues.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.