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(Solved): The prices of the following table below are the three components in a typical consumer's budget: tra ...



The prices of the following table below are the three components in a typical consumer's budget: transportation, rent and utilities, food, and insurance.

You should conduct the aggregate price index based on these components on the assumption that rent and utilities account for 40% of the weight in this index, food for 45 %, transport for 10 %, and insurance for 5%

2010 is a base year

2009 2010 2011 2012 2013
Transport, $ 100200300500500
Rent and Utilities, $3 0003 5004 0004 8004 000
Food, $5 0005 0005 0007 0008 000
Insurance, $2 5002 5003 0003 0003 000



(!) Do not write the sigh of %, only numbers (without signs after the dot)

Price Index2009 2010 2011 2012 2013
Transport
100
Rent and Utilities 114
Food100
Insurance 120



Iaggregated=∑(PI*Weight)

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