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Question

Using 2000 as the base year, the 1990 value of the Paasche' Price Index is ______. (Quantities are averages for the student body.)
Year 1990 2000 2010

Price Quantity Price Quantity Price Quantity
Tuition ($/3 hrs) 81 15.00 164 13.00 200 12.00
Books ($ each) 32 1.00 43 1.50 85 2.00
Calculator ($ each) 45 0.50 27 0.75 25 1.00

a) 80.72
b) 162.28
c) 240.06
d) 50.45
e) 30.35

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