SCENARIO 16-16 Given Below Are the Prices of a Basket of Four

question 215

Short Answer

SCENARIO 16-16
Given below are the prices of a basket of four food items from 2008 to 2012.

-Referring to Scenario 16-16,what are the simple price indices for wheat,corn,soybeans and milk,respectively,in 2010 using 2008 as the base year?

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