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The Table Given Below Reports the Price of Soda Over

question 27

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The table given below reports the price of soda over four consecutive years.
Table 5.7
 Price Data  Year  Base-Year Soda Price  Current Soda Price 1 (base year)  $0.30$0.302$0.30$0.453$0.30$0.554$0.30$0.65\begin{array}{c}\text { Price Data }\\\begin{array}{|c|c|c|}\hline \text { Year } & \text { Base-Year Soda Price } & \text { Current Soda Price } \\\hline 1 \text { (base year) } & \$ 0.30 & \$ 0.30 \\\hline 2 & \$ 0.30 & \$ 0.45 \\\hline 3 & \$ 0.30 & \$ 0.55 \\\hline 4 & \$ 0.30 & \$ 0.65 \\\hline\end{array}\end{array}
-Refer to Table 5.7. Compute the price index for the base year.


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