Given below are two price index series. Splice them on the base 1974 = 100. By what percentage did the price of steel rise between 1970 and 1975 ? %3D Old Price Index for steel base (1965 = 100) New Price Index for steal base (1974 = 100) Year || 1970 1971 1972 1973 1974 1975 141.5 163.7 158.2 156.8 157.1 99.8 100.0 102.3

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33
Given below are two price index series. Splice them on the base
1974 = 100. By what percentage did the price of steel rise between 1970
and 1975 ?
%3D
Old Price Index
for steel base
(1965 100)
New Price Index
for steal base
(1974 = 100)
Year
1970
1971
1972
1973
1974
1975
141.5
163.7
158.2
156.8
157.1
99.8
100.0
102.3
Transcribed Image Text:33 Given below are two price index series. Splice them on the base 1974 = 100. By what percentage did the price of steel rise between 1970 and 1975 ? %3D Old Price Index for steel base (1965 100) New Price Index for steal base (1974 = 100) Year 1970 1971 1972 1973 1974 1975 141.5 163.7 158.2 156.8 157.1 99.8 100.0 102.3
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