The following table shows the gold prices in recent 4 years: Price Price Index Year (USS per ounce) (Base 2018) %3D 2018 1328 I2018 =? 2019 1294 I2019 =? 2020 1562 I2020 =? 2021 1949 I2021 =? (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.
The following table shows the gold prices in recent 4 years: Price Price Index Year (USS per ounce) (Base 2018) %3D 2018 1328 I2018 =? 2019 1294 I2019 =? 2020 1562 I2020 =? 2021 1949 I2021 =? (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.
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![The following table shows the gold prices in recent 4 yeaTS.
Price
(USS per ounce)
Price Index
(Base 2018)
12018
Year
2018
1328
/2018 -?
2019
1294
12019
2019 =?
2020
1562
202a =?
2021
1949
I2021 =?
(a) Calculate all the simple price indexes by using 2018 as the base year
(b) Calculate the percentage change from 2020 to 2021.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffee2c670-8220-459e-acce-7edba76d959d%2F6a3328a9-eb23-457e-a006-a5e04052493d%2F2zw2gfg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows the gold prices in recent 4 yeaTS.
Price
(USS per ounce)
Price Index
(Base 2018)
12018
Year
2018
1328
/2018 -?
2019
1294
12019
2019 =?
2020
1562
202a =?
2021
1949
I2021 =?
(a) Calculate all the simple price indexes by using 2018 as the base year
(b) Calculate the percentage change from 2020 to 2021.
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