Simple price index created with a base year

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Reference no: EM131798420

Consider the following simple price index created with a base year of 2004.

410_simple price index created.png

a. Update the index numbers using a revised base year of 2008.

b. Determine the percentage change in price from 2004 to 2012.

c. Determine the percentage change in price from 2008 to 2012.

Reference no: EM131798420

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