You are given the following as it relates to the price of a tin of milk in Adam Island, 2018 to 2022: 2018- $1.30 2019 - $1.35 2020 - $1.40 2021 - $1.45 2022- $1.50 Using 2020 as the base year, calculate the index for 2018, 2019, 2020, 2021 and 2022. NB Index = (current price/base price) times 100. Also the value of the index IS NOT stated as a percentage. It is just the value you get from the calculation. Round to 1 decimal place,

You are given the following as it relates to the price of a tin of milk in Adam Island, 2018 to 2022: 2018- $1.30 2019 - $1.35 2020 - $1.40 2021 - $1.45 2022- $1.50 Using 2020 as the base year, calculate the index for 2018, 2019, 2020, 2021 and 2022. NB Index = (current price/base price) times 100. Also the value of the index IS NOT stated as a percentage. It is just the value you get from the calculation. Round to 1 decimal place,

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.9P

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