Instruction 14-21
Given Below Are the Average Prices for Three

question 86

Short Answer

Instruction 14-21
Given below are the average prices for three types of energy products in Australia from 2006 to 2010.
$$\begin{array} { | l | c | c | c | } \hline \text { Year } & \text { Electricity } & \text { Natural Gas } & \text { Fuel Oil } \\\hline 2006 & 43.205 & 25.893 & 0.892 \\\hline 2007 & 16.959 & 28.749 & 0.969 \\\hline 2008 & 47.202 & 28.933 & 1.034 \\\hline 2009 & 48.874 & 29.872 & 0.913 \\\hline 2010 & 48.693 & 28.384 & 0.983 \\\hline\end{array}$$
-Referring to Instruction 14-21,what are the simple price indexes for electricity,natural gas and fuel oil,respectively,in 2008 using 2010 as the base year?

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Definitions:

Cultural Background

The environment, traditions, customs, and beliefs that a person is raised in or identifies with.

Extrinsic Motive

Motivation driven by external rewards, such as money or recognition, rather than internal satisfaction.

Earn Money

The act of receiving financial compensation in exchange for goods provided, services rendered, or through employment.

Stimulating Activities

Tasks or engagements that provoke thought, interest, or excitement, contributing to mental or physical growth.