An Index of Clothing Prices for 2014 Based on 2000

question 72

Multiple Choice

An index of clothing prices for 2014 based on 2000 is to be constructed. The clothing items
Considered are shoes and dresses. The information for prices and quantities for both years is given
Below. Use 2000 as the base period and 100 as the base value.
Determine the simple average of the price indexes.

• A) 111.8
• B) 112.9
• C) 113.3
• D) 112.5
• E) 113.0

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Definitions:

Heat Baby's Formula

The process of warming up a baby's milk formula to a temperature that is comfortable and safe for infant feeding.

Shake Bottle

A directive often found on medication labels indicating that the contents should be well mixed before use.

Commercial Infant Formula

Manufactured food designed for feeding babies under 12 months old, intended as a substitute or supplement to human milk.

Whole Milk

Milk from cows that retains its full amount of fat, typically containing about 3.25% milk fat.