4 10 A pizza manufacturer purchases cheese, pepperoni, and tomato paste The prices of these ingredients in 1997, 1999, and 2001 were (a) Calculate a simple aggregate price index for the prices in 1999 and 2001 using 1997 as the base period (b) What additional information would you need in order to ...

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4.10 A pizza manufacturer purchases cheese, pepperoni, and tomato paste. The prices of these ingredients in 1997,

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4.10 A pizza manufacturer purchases cheese, pepperoni, and tomato paste. The prices of these ingredients in 1997, 1999, and 2001 were:

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(a) Calculate a simple aggregate price index for the prices in 1999 and 2001 using 1997 as the base period.

(b) What additional information would you need in order to calculate a weighted aggregate price index to measure these price changes?

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Stats Means Business

ISBN: 9780750653640

1st Edition

Authors: John Buglear

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Question Posted: Oct 29, 2024 09:00 AM

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4.10 A pizza manufacturer purchases cheese, pepperoni, and tomato paste. The prices of these ingredients in 1997,

Question:

Year Ingredient 1997 1999 2001 Cheese (per kg) 1.75 2.65 3.10 Pepperoni (per kg) 2.25 2.87 3.55 Tomato paste (per litre) 0.60 1.10 1.35

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