Exam 15: Index Numbers

Explore all topics

An index of clothing prices for 2008 based on 1998 is to be constructed. The clothing items considered are shoes and dresses. The information for prices and quantities for both years is given below. Use 1998 as the base period and 100 as the base value. Determine the Laspeyres' price index for 2008.

(Multiple Choice)

4.8/5

(39)

Question 61

The Statistics Canada reported that the farm population dropped from 30.5 million in 1940 to 16.5 million in 1999. What is the index for 1999 based on 1940?

(Multiple Choice)

4.8/5

(35)

Question 62

The average weekly earnings (including overtime) in Canada since 2003 are given below. Using 2003 as the base year, determine the index for 2006.

(Multiple Choice)

4.9/5

(38)

Question 63

The take-home pay of Jon Greene and the CPI for 2003 and 2007 are: What was Jon's real income in 2007?

(Multiple Choice)

4.9/5

(34)

Question 64

An index which compares current prices times current quantities to base period prices times base period quantities called?

(Multiple Choice)

4.9/5

(32)

Question 65

Showing 61 - 65 of 65

An index of clothing prices for 2008 based on 1998 is to be constructed. The clothing items considered are shoes and dresses. The information for prices and quantities for both years is given below. Use 1998 as the base period and 100 as the base value. Determine the Laspeyres' price index for 2008.

The Statistics Canada reported that the farm population dropped from 30.5 million in 1940 to 16.5 million in 1999. What is the index for 1999 based on 1940?

The average weekly earnings (including overtime) in Canada since 2003 are given below. Using 2003 as the base year, determine the index for 2006.

The take-home pay of Jon Greene and the CPI for 2003 and 2007 are: What was Jon's real income in 2007?

An index which compares current prices times current quantities to base period prices times base period quantities called?

What Is Statistics

Describing Data: Frequency Distributions and Graphic Presentation

Describing Data: Numerical Measures

A Survey of Probability Concepts

Discrete Probability Distributions

The Normal Probability Distribution

Sampling Methods and the Central Limit Theorem

Estimation and Confidence Intervals

One-Sample Tests of a Hypothesis

Two-Sample Tests of Hypothesis

Analysis of Variance

Linear Regression and Correlation

Multiple Regression and Correlation Analysis

Chi-Square Applications for Nominal Data

Time Series and Forecasting

An Introduction to Decision Theory

Filters