Question
1.The following table shows the average price of tomatoes (in dollars per pound) in a certain country from 2016 to 2020. Year Price 2016 -
1.The following table shows the average price of tomatoes (in dollars per pound) in a certain country from 2016 to 2020.
Year Price
2016 - 1.735
2017 - 0.912
2018 - 0.936
2019 - 1.141
2020 - 1.604
a)Use 2017 as the base period to compute the simple index for this time series.
b)By what percentage did the price of tomatoes increase or decrease between 2017 and 2020?
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
