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If 2010 Is the Base Year in the Table Shown

question 314

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If 2010 is the base year in the table shown above, what is the price index for the year 2010?


Definitions:

Doggie Day Care

A service that provides temporary care and activities for dogs during the day.

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods and services.

Labor

Utilization of human mental and physical effort in the production process of goods and services.

Capital

Wealth in the form of money or assets, used or available for use in the production of more wealth.

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