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Mathematics, 08.10.2021 21:00 nathanbarbry

The prices of a good at the end of each year between 2003 and 2008 are listed in Table 3.19, which also shows the annual rate of inflation.
Table 3.19

(a) Find the values of the prices adjusted to the end of the year 2004, correct to 2 decimal
places. Hence, calculate the index numbers of the real data with 2004 as the base
year. Give your answers correct to 1 decimal place.
(b) If the index number of the real price for 2009 is 109 and the rate of inflation for that
year is 2.5%, work out the nominal value of the price in 2009. Give your answer
rounded to the nearest whole number.
(c) If the index number of the real data in 2002 is 95.6 and the nominal price is $215,
find the rate of inflation for 2002. Give your answer correct to 1 decimal place.


The prices of a good at the end of each year between 2003 and 2008 are listed in

Table 3.19, whic

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