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Calculate the price index for each good using

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The following two tables represent the price and quantity of the goods produced within an economy in 2015 & 2016.

Calculate the price index for each good using 2015 as the base year. What is the value of the price index for Burgers in 2016?

Prices Quantities 2015 2016 2015 2016

Soda $2 $2 36 40 Burgers $8 $12 8 10 French Fries $2 $1 16 20

Reference no: EM132222760

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