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Index Numbers Problem Egg: 2003 2004 2005 2006 2007 Nominal Current $ Earnings 1 ,096 1 ,194 1 ,314 1 ,474 1 .650 999999-6969 2000 = 1 00 2005 = 1 00...

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Index Numbers Problem Egg:
2003
2004
2005
2006
2007 Nominal Current $
Earnings
1 ,096
1 ,194
1 ,314
1 ,474
1 .650 999999-6969 2000 = 1 00 2005 = 1 00 Real Purchasing
Price Price Constant $ Power
Index Index Earnings w
131 .7
139.3
149.1
162.5
179.0 Growth Rate in Real Earnings (2005 = 100) between 2003 and 2007? 2000=1 00 Spliced
Index #1 Index #2 Factor Index Year Index #1
1 998 100
1 999 1 16.2
2000 124.5 2001 142.7

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