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If gasoline has an weight of 5% in the Price Index, and gasoline prices rise by 100% , by how much is the?

by Guest65985  |  earlier

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Price Index likely to rise?

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  1. The price index is likely to increase by 5% only ( 0.05* 100=5).

    Just consider that The Inex was at 100 before the gasoline price increased and after the increase the Index will rise to 105.


  2. Intuitively I'd say 5%.
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