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 2015 is the base year, the price index in 2015 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 2015 is the base year, the price index in 2015 is
A) 1000. 
B) 100. 
C) 10. 
D) 1.

Quizplus · Accepted Answer

In index number calculations, the base year is always given an index of 100 to simplify comparisons over time.

Refer to the Information Provided in Table 7