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(Solved): Suppose this price index uses 2020 as the base year. In the last row of the table, calculate and en ...
Suppose this price index uses 2020 as the base year. In the last row of the table, calculate and enter the value of the UPI for the remaining years. Between 2020 and 2021, the UPI increased by Between 2021 and 2022, the UPI increased by Which of the following, if true, would illustrate why price indexes such as the UPI might overstate inflation in the cost of going to college? Check that apply. As the price of energy drinks increased relative to the price of coffee between 2020 and 2022, students decreased their consumption of energy drinks and increased their consumption of coffee. An app-based scooter company, which made it easier to get around places like college campuses, became avallable for rental. Professors required each student to buy eight notebooks, regardless of the price. The quality of textbooks increased dramatically from 2020 to 2022, with textbook companies bundling new online study aids with theit books, but this quality change is hard to measure.
Year 2021 , streaming services=1*104=104Iced coffee =150*2=300 Textbooks=10*85=850Notebook=8*2=16Energy drinks=40*4=160 Price index= (Price index current year/price index base year)*100