A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Commodity A B C D Shipments 2000 2015 120 86 40 60 95 73 55 70 Price/Shipment 2000 $1,200 $1,800 $2,000 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) 2015 = Comment on the growth or decline in quantities over the 2000-2015 period. Quantities are down slightly, by less than 5%. O Quantities are down substantially, by more than 5%. O Quantities are up slightly, by less than 5%. O Quantities are up substantially, by more than 5%.

A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Commodity A B C D Shipments 2000 2015 120 86 40 60 95 73 55 70 Price/Shipment 2000 $1,200 $1,800 $2,000 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) 2015 = Comment on the growth or decline in quantities over the 2000-2015 period. Quantities are down slightly, by less than 5%. O Quantities are down substantially, by more than 5%. O Quantities are up slightly, by less than 5%. O Quantities are up substantially, by more than 5%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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