The garage proprietor in Example 4.8 regularly buys exhaust systems, car batteries, and tyres. The prices of

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The garage proprietor in Example 4.8 regularly buys exhaust systems, car batteries, and tyres. The prices of these goods in 2000 and 1997 were:

1997 2000 Exhaust system £125 £156 Battery £25 £35 Tyre £28 £32 Calculate a simple aggregate price index to compare the prices in 2000 to the prices in 1997.

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