If the Average Price for Gasoline in 2001 and 2006

question 55

Short Answer

If the average price for gasoline in 2001 and 2006 was $1.46 per gallon and $2.59, respectively, the simple price index for 2006 is ________%.

---

Definitions:

Worksheet

A columnar device used by accountants to aid them in completing the accounting cycle—often just referred to as "spreadsheet." It is not a formal report.

Revenue

The total income received by a company from its normal business activities, before any expenses are subtracted.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.