Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128. Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal​ place.)

Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128.

Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal​ place.)

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"