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Business, 13.05.2020 14:57 sasha3893

Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period. Seafood 2000 Qty. (lb) 2000 Price ($/lb) 2009 Price ($/lb) Halibut 75,290 2.01 2.43 Lobster 83,080 3.72 3.09 Tuna 50,779 1.87 1.97 (a) Compute the index number (price relative) for each type of seafood. (Round your answers to one decimal place.) Seafood Price Relative Halibut 110 Lobster 83 Tuna 105.3 (b) Compute a weighted aggregate price index for the seafood catch. (Round your answer to one decimal place.) I2009

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Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base per...
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