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Use the following price information for selected items for 1990 and 2016. Price Quantity Items 1990 2016 1990 2016 Aluminum (cents per pound)$ 0.287 $0.73

Use the following price information for selected items for 1990 and 2016.

Price Quantity

Items 1990 2016 1990 2016

Aluminum (cents per pound)$ 0.287 $0.73 1,000 1,200

Natural gas (1,000 cu. ft.) 0.17 2.12 5,000 4,000

Petroleum (barrel) 3.18 44.0 60,000 60,000

Platinum (troy ounce) 133.00 1904.30 500 600

Click here for the Excel Data File

Compute a simple aggregate price index. Use 1990 as the base period

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