I the Base Period for One Index Might Be 1982-84

Multiple Choice

i. The base period for one index might be 1982-84, while the base period for another index might be
1977.
ii. The base number for most indexes is 1.
iii. Most business and economic indexes are carried either to the nearest whole percent, such as
312 or 96, or to the nearest 10th of a percent, such as 97.5 and 178.6.

A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.