Refer to the information provided in Table 7.6 below to answer the questions that follow.
Table 7.6
-Refer to Table 7.6. If 2014 is the base period, the price index in 2014 is
A) 1000.
B) 100.
C) 10.
D) 1.

Question

Refer to the information provided in Table 7.6 below to answer the questions that follow.
Table 7.6 
-Refer to Table 7.6. If 2014 is the base period, the price index in 2014 is
A) 1000. 
B) 100. 
C) 10. 
D) 1.

Quizplus · Accepted Answer

In index number calculations, the base period index is always 100. This is a standard convention to simplify comparison across different time periods.

Refer to the Information Provided in Table 7