Hello, I have an Economics/Math based question, and I have provided the question via image. All the images are part of the same question.
5. Calculating changes in price level 2006 2007 2008 Quantity in Basket Price Cost of Basket Price Cost of Basket Price Cost of Basket Notebooks 10 $2 $20 $1 $10 $3 $30 Calculators 1 $50 $50 $54 $54 $75 $75 Large coffees 200 $1 $200 $1 $200 $1 $200 Highly caffeinated colas 100 $2 $200 $3 $300 $4 $400 Textbooks 10 $100 $1,000 $120 $1200 $150 $1500 Total cost $1,470 $1,764 $2,205 Price index E E E The total cost of a market basket of goods increased by V % from 2006 to 2007, and by V % from 2006 to 2008. Use this information to determine the value of the price index in each year (using 2006 as the base year) and enter these values into the preceding table. 5. Calculating changes in price level 2006 2007 2008 Quantity in Basket Price Cost of Basket Price Cost of Basket Price Cost of Basket Notebooks 10 $2 $20 $1 $10 $3 $30 Calculators 1 $50 $50 $54 $54 $75 $75 Large coffees 200 $ .200 $1 $200 $1 $200 Highly caffeinated colas 100 $ $3 $300 $4 $400 Textbooks 1o $1u $120 $1200 $150 $1500 Total cost $1,764 $2,205 Price index S S The total cost of a market basket of goods increased by V % from 2006 to 2007, and by V % from 2006 to 2008. Use this information to determine the value of the price index in each year (using 2006 as the base year) and enter these values into the preceding table. 5. Calculating changes in price level 2006 2007 2008 Quantity in Basket Price Cost of Basket Price Cost of Basket Price Cost of Basket Notebooks 10 $2 $20 $1 $10 $3 $30 Calculators 1 $50 $50 $54 $54 $75 $75 Large coffees 200 $1 $200 $1 $200 $200 Highly caffeinated colas 100 $2 $200 $3 $300 $400 Textbooks 10 $100 $1,000 $120 $1200 0 $1500 Total cost $1,470 $1,764 33333 $2,205 Price index S S The total cost of a market basket of goods increased by V % from 2006 to 2007, and by V % from 2006 to 2008. Use this information to determine the value of the price index in each year (using 2006 as the base year) and enter these values into the preceding table