Mathematics, 21.10.2021 14:00 emilysjuliet110

The price series at the end of the year from 2013 to 2015 is given as follow: $25,000, $30,000, $36,000.
• a. Calculate the index numbers using 2014 as the base year.
• b. If the inflation rate in 2014 and 2015 are 2% and 3%
respectively, what is the real price in 2013 adjusted for the base year
2014? what is the real price in 2015 adjusted for the base year 2014?

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The price series at the end of the year from 2013 to 2015 is given as follow: $25,000, $30,000, $3...

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