22) Refer to Table 2-4. Assume that 2016 is used as the base year, with the index number = 100. The value of the index number in 2012 is A) 0.818. B) 1.0. C) 1.222. D) 81.8. E) 122.2. Answer: D Diff: 3 Topic: 2.3a. index numbers Skill: Applied User1: Table User2: Quantitative
23) Refer to Table 2-4. The increase in the price of the textbook from 2012 to 2016 is A) -40. B) 40. C) 18.2%. D) 22.2%. E) 40%. Answer: D Diff: 3 Topic: 2.3a. index numbers Skill: Applied User1: Table User2: Quantitative
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