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

question 8

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 is the Laspeyres price index for the group of three energy items in 2008 for a family that consumed 15 units of electricity,24 units of natural gas and 200 units of fuel oil in 2006 using 2006 as the base year?

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Definitions:

Cool to the Touch

A description of an object’s or body’s surface feeling cold upon contact, often indicating a lower temperature than the surrounding environment.

Reddish Streak

A linear mark on the skin, often signifying inflammation, infection, or the presence of underlying conditions like blood clotting disorders.

Sleep Stage

Describes the differing phases of sleep an individual transitions through, including REM (rapid eye movement) and various levels of non-REM sleep.

Total Sleep Time

The total amount of time spent sleeping during a typical sleep period, often measured in hours.