Construct the price index for a fruit basket in each year using 2003 as the base year.
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Construct the price index for a “fruit basket” in each year using 2003 as the base year.
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2001 2002 2003 69.71 100.00 2004
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If 2003 is the base year then the index number has a value of 100 in 2003 To transform th...View the full answer
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