Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128. Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal place.)
Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128.
Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal place.)
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