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Duncanson purchased magazines and newspaper services in 2010 and 2021 are shown below. Using 2010 as the base year, compute a 2021 price index for
Duncanson purchased magazines and newspaper services in 2010 and 2021 are shown below. Using 2010 as the base year, compute a 2021 price index for internet and cable cost.
2010 2021
Newspapers $16,943 $27,443
Magazines $15,460 $26,994
- Provide the index of the Newspaper for 2021. (Round to the second (2nd) decimal place)
- Provide the index for the Magazine for 2021. (Round to the second (2nd) decimal place)
- Which increased at a greater rate? a. Newspapers b. Magazines c. Neitherd. They are equal
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