macroeconomics

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25. The following table shows the price of a specific stereo receiver for a five-year period. Using Year 1 as the base year, calculate the price index for each year.

Year Price Price index
(answers using
Year 1 = 100)

1 $112 ___
2 144 ___
3 160 ___
4 176 ___
5 200 ___

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