Question
Use the figures in the following table and recalculate the price index for a base year change from 2012 to 2010. Round to nearest whole
Use the figures in the following table and recalculate the price index for a base year change from 2012 to 2010. Round to nearest whole number!
| Year | Price Index 2012 Base Year | Price Index 2010 Base Year |
| 2010 | 96 | |
| 2011 | 98 | |
| 2012 | 100 | |
| 2013 | 102 | |
| 2014 | 104 |
Now input (Round to nearest whole number!) for each year real GDP constant 2010 dollars figures into the following table:
| Year | Nominal GDP | Real GDP 2010 Base Year |
| 2010 | 14992 | |
| 2011 | 15542 | |
| 2012 | 16197 | |
| 2013 | 16785 | |
| 2014 | 17522 |
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
