Multiple Choice
The table below shows hypothetical tuition costs at a Canadian university. TABLE 2-1 Refer to Table 2-1.Assume that 2015 is used as the base year,with the index number = 100.The value of the index number in 2017 is calculated as follows:
A) (5000/5100) × 100 = 98.
B) 5100/5000 = 1.02.
C) 5000/5100 = 0.98.
D) 5100/5100 = 100.
E) (5100/5000) × 100 = 102.
Correct Answer:

Verified
Correct Answer:
Verified
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