Using the table below and a benchmark year of 1990, what is the output index for 1985? YEAR CORN PRODUCTION (TONS) OUTPUT INDEX PRICE OF CORN ($/TON) PRICE INDEX 1985 3,675 $0.675 1990 4,675 1.00 $0.795 1.000 1997 5,245 $0.987 0.79 0.85 0.82 0.75
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Using the table below and a benchmark year of 1992, what is the price index for 1996? YEAR | BEET PRODUCTION (TONS) | OUTPUT INDEX | PRICE OF BEETS ($/TON) | PRICE INDEX 1988 | 4,598 | | $0.557 | 1992 | 6,584 | 1.00 | $0.697 | 1.000 1996 | 7,548 | 1 | $0.856 | 0.799 0.814 1.228 1.251
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Given below (Table G) are the prices of a basket of three food items from 1980 to 1995. What is the simple price index for Oranges in 1985 using 1980 as the base year? Table G Fruit | Price 1980 | Quantity 1980 | Price 1985 | Quantity 1985 | Price 1990 | Quantity 1990 | Price 1995 | Quantity 1995 | Price 2000 | Quantity 2000 | Price 2005 | Quantity 2005 Apples | 0.692 | 19.2 | 0.684 | 17.3 | 0.719 | 19.6 | 0.835 | 18.9 | 0.927 | 17.5 | 0.966 | 16.0 Bananas | 0.342 | 20.2 | 0.367 | 23.5 | 0.463 | 24.4 | 0.490 | 27.4 | 0.509 | 28.5 | 0.838 | 26.8 Oranges | 0.365 | 14.3 | 0.533 | 11.6 | 0.570 | 12.4 | 0.625 | 12.0 | 0.638 | 11.7 | 0.490 | 10.6 98.844 107.310 113.224 146.027 100.000
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Consider the following price relatives and quantity information for grain production in Iowa (Census Bureau website, March 19,2009 ). $$\begin{array}{lccc} & \text { 1991 Quantities } & \text { Base Price } & \text { 1991-2007 } \\ \text { Product } & \text { (millions of bushels) } & \text { per Bushel (\$) } & \text { Price Relatives } \\ \text { Corn } & 1427 & 2.30 & 173.9 \\ \text { Soybeans } & 350 & 5.51 & 197.8 \end{array}$$ What is the 2007 weighted aggregate price index for the Iowa grains?
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