Tuna 50,779 1.87 1.97 (a) Compute the index number (price relative) for each type of seafood. (Round your answers to one decimal place.) Seafood Price Relative Halibut Lobster Tuna (b) Compute a weighted aggregate price index for the seafood catch. (Round your answer to one decimal place.) I2009 Comment on the change in seafood prices over the nine-year period. (Enter your percentage as a positive value. Round your answer to one decimal place.) Seafood prices have -Select-- by % over the 9-year period according to the index.

Tuna 50,779 1.87 1.97 (a) Compute the index number (price relative) for each type of seafood. (Round your answers to one decimal place.) Seafood Price Relative Halibut Lobster Tuna (b) Compute a weighted aggregate price index for the seafood catch. (Round your answer to one decimal place.) I2009 Comment on the change in seafood prices over the nine-year period. (Enter your percentage as a positive value. Round your answer to one decimal place.) Seafood prices have -Select-- by % over the 9-year period according to the index.

Name: Suppose seafood price and quantity data for the years 2000 and 2009 f
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Description: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period.2009Price ($/lb)20002000SeafoodQty. (Ib)Price ($/lb)Halibut75,1901.912.23Lobster83,1803.723.09Tuna50,7791.871.97(a) Compute the index number (pri

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Question

Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period.
2009
Price ($/lb)
2000
2000
Seafood
Qty. (Ib)
Price ($/lb)
Halibut
75,190
1.91
2.23
Lobster
83,180
3.72
3.09
Tuna
50,779
1.87
1.97
(a) Compute the index number (price relative) for each type of seafood. (Round your answers to one decimal place.)
Seafood
Price Relative
Halibut
Lobster
Tuna
(b) Compute a weighted aggregate price index for the seafood catch. (Round your answer to one decimal place.)
I 2009
Comment on the change in seafood prices over the nine-year period. (Enter your percentage as a positive value. Round your answer to one
decimal place.)
Seafood prices have -Select- by
% over the 9-year period according to the index.

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