The table below shows hypothetical data for the volume of gold and nickel output across several years. TABLE 2-5 Refer to Table 2-5.What is the index number for nickel output in Year 2?
A)98.4%
B)98.4
C)-72.0%
D)72.0%
E)0.984%

Question

The table below shows hypothetical data for the volume of gold and nickel output across several years.  TABLE 2-5 Refer to Table 2-5.What is the index number for nickel output in Year 2?
A)98.4% 
B)98.4 
C)-72.0% 
D)72.0% 
E)0.984%

Quizplus · Accepted Answer

The index number for nickel output in Year 2 is calculated as (Ni output in Year 2/Ni output in Base Year) x 100.
Ni output in Year 2 = 494, Ni output in the Base Year = 500.
So, the index number for nickel output in Year 2 = (494/500) x 100 = 98.4. Therefore, the answer is B.

The Table Below Shows Hypothetical Data for the Volume of Gold