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An Index of Clothing Prices for 2014 Based on 2000

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An index of clothing prices for 2014 based on 2000 is to be constructed. The prices for 2000 and
2014 and the quantity consumed in 2000 are shown below. An index of clothing prices for 2014 based on 2000 is to be constructed. The prices for 2000 and 2014 and the quantity consumed in 2000 are shown below.   Assuming that the number sold remained constant, i.e., the same number were sold in 2014 as in 2000, what is the weighted index of price for 2014 using 2000 as the base? A)  206.7 B)  214.5 C)  48.4 D)  46.6 E)  240.0
Assuming that the number sold remained constant, i.e., the same number were sold in 2014 as in
2000, what is the weighted index of price for 2014 using 2000 as the base?

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Definitions:

Bilateral Descent

A system of kinship where individuals trace their ancestry through both parents, incorporating both paternal and maternal lines.

Double Descent

A form of kinship and social organization where individuals trace their ancestry through both their maternal and paternal lines.

Productive Resources

These are the inputs used to produce goods and services, typically categorized into natural resources, human resources, and capital goods.

Matrilineal And Patrilineal

Kinship systems where lineage and inheritance are traced through the mother's line (matrilineal) or the father's line (patrilineal).

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