Multiple Choice
The table below shows hypothetical tuition costs at a Canadian university.
TABLE 2-1
-Refer to Table 2-1.Assume that 2012 is used as the base year,with the index number = 100.The value of the index number in 2014 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
Q52: In order to test a theory,one must<br>A)develop
Q74: Suppose an economist tells you that the
Q81: The slope of a straight line is
Q87: When using statistics in economics,the possibility of
Q88: Suppose economists at the Department of Finance
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 2-3 -Refer
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 2-2 -Refer
Q94: When an increase in one variable is
Q141: Suppose a theory predicts that lowering tuition
Q142: Which is the best description of a