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3. PRICE INDEX CALCULATIONS: Using the necessary formulas, complete the table below: (Please state formulas used) PRICE NDEX CALCULATIONS: Using the necessary formulas, complete the

image text in transcribed 3. PRICE INDEX CALCULATIONS: Using the necessary formulas, complete the table below: (Please state formulas used)

PRICE NDEX CALCULATIONS: Using the necessary formulas, complete the table below: (Please state formulas used) Item Fish Rice Iba Beans Iba Su ar Iba Tooth aste Gas allon Books 1 a week Car Insurance (a month Year 1 (Base Yr) (Prices in 1 95 1 75 3 75 Year 2 (current (Prices in 285 225 395 3_gg Average Monthly Consumption for fami X 2 12 Total Expenses in Yr 1 Total Expenses in Yr2 Change Prices %

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