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CZARX 2010-0... KABBA Product. n Kong: Attempt 1 The prices for several staple food items for the years 2000 and 2009. Compute the Laspeyres price

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CZARX 2010-0... KABBA Product. n Kong: Attempt 1 The prices for several "staple" food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000=100. 2000 2009 Cost Cost Item ($) Quantity ($) Quantity Bread (white, loaf) 0.90 53 2.43 61 Milk (white, litre) 0.97 99 1.80 117 Eggs (white, dozen) 1.71 19 181 21 Flour (white, 11.36kg) 5.75 9.75 8 Butter (salted, 500g) 1.89 14 2.30 13 89.6 186.9 182.5 152.8 acer

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