The table given below reports the price of soda over four consecutive years. Table 5.7 Price Data Year Base-Year Soda Price Current Soda Price 1 (base year) $0.30 $0.30 2 $0.30 $0.45 3 $0.30 $0.55 4 $0.30 $0.65 Refer to Table 5.7. Compute the price index for the third year. Group of answer choices 100 150 130 118 183
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The table given below reports the price of soda over four consecutive years.
Table 5.7
Price Data |
||
Year |
Base-Year Soda Price |
Current Soda Price |
1 (base year) |
$0.30 |
$0.30 |
2 |
$0.30 |
$0.45 |
3 |
$0.30 |
$0.55 |
4 |
$0.30 |
$0.65 |
Refer to Table 5.7. Compute the price index for the third year.
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