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----Independent Study 10% Use the following price information for selected items for 1990 and 2016. Item Aluminum (cents per pound) Natural gas (1,000 cu. ft.)

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----Independent Study 10% Use the following price information for selected items for 1990 and 2016. Item Aluminum (cents per pound) Natural gas (1,000 cu. ft.) Petroleum (barrel) Platinum (troy ounce) 1990 $ 0.287 0.17 3.18 133.00 Price 2016 $ 0.73 2.12 44.08 1,904.30 Quantity 1990 2016 1,000 1,200 5,000 4,000 60,000 60,000 500 600 ces Click here for the Excel Data File Compute Laspeyres price index for 2016 using 1990 as the base period. (Round your answer to 2 de Laspeyres price index o search 79

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