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Problem 11-2 (algorithmic) Question Help The following data indicate the median price of unleaded gasoline during the last 15
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Answer #1

Price index for 1999=(1.80/1.80)*100=100.0

Price index for 2014=Price in 2014/Price in 1999=(4.80/1.80)*100=266.7

The price index is 266.7

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