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Consider the following simple price index created with a


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.

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Basic Statistics: Consider the following simple price index created with a
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