Question : 61) Refer to Table 2-2. Assume that 2008 used as : 1384132

 

61) Refer to Table 2-2. Assume that 2008 is used as the base year, with the index number = 100.  The value of the index number in 2011 is calculated as follows:

A) 0.35 × 100 = 35

B) 0.35/0.55 = 0.64

C) 0.55/0.35 = 1.57

D) (0.35/0.55) × 100 = 63.64

E) (0.55/0.35) × 100 = 157.14

62) Refer to Table 2-2. Assume that 2008 is used as the base year, with the index number = 100.  The value of the index number in 2012 is

A) 0.25

B) 2.5

C) 25.0

D) 0.45

E) 45.45

63) Refer to Table 2-2. Assume that 2008 is used as the base year, with the index number = 100.  The value of the index number in 2010 is

A) 100

B) 0.72

C) 72.73

D) 1.375

E) 137.5

64) Refer to Table 2-2. Assume that 2008 is used as the base year, with the index number = 100.  What is the percentage change in the per-minute charge from 2011 to 2012?

A) -28.6%

B) -10.0%

C) -71.4%

D) -25.0%

E) -35.0%

65) Refer to Table 2-2. Assume that 2008 is used as the base year, with the index number = 100.  Which of the following series is the correct set of index numbers for the per-minute cell phone charges from 2008 to 2012?

A) 0.55; 0.50; 0.40; 0.35; 0.25

B) 100; 91; 73; 64; 45

C) 55; 50; 40; 35; 25

D) 1.0; 0.91; 0.73; 0.64; 0.45

E) 100%; 91%; 73%; 64%; 45%

66) According to the Bank of Canada’s website, Canada’s Consumer Price Index (CPI) in August 2009 was 114.7, August 2010 was 116.7, August 2011 was 120.3 and August 2012 was 121.8. Given this set of index numbers, what can we conclude about average prices in Canada between August 2009 and August 2012?

A) average prices increased over this time period by 21.8%

B) average prices decreased over this time period by 7.1%

C) average prices decreased each year

D) average prices increased over this time period by 7.1%

E) average prices increased each year

67) According to the Bank of Canada’s website, Canada’s Consumer Price Index (CPI) in August 2009 was 114.7, August 2010 was 116.7, August 2011 was 120.3 and August 2012 was 121.8. Given this set of index numbers, what is the percentage change in the average level of prices between August 2009 and August 2012?

A) 121.8%

B) 114.7%

C) 7.1%

D) 6.2%

E) 5.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

68) Refer to Table 2-3. Suppose we choose Year 1 as the base year and construct a series of index numbers with which to analyze the sales data. The index numbers for volumes of e-books sold (starting with Year 1) is:

A) 100; 44.2; 21.7

B) 100; 226.1; 460.9

C) 23 000; 52 000; 106 000

D) 100; 126.1; 360.1

E) 1; 0.442; 0.217

69) Refer to Table 2-3. Suppose we choose Year 1 as the base year and construct a series of index numbers with which to analyze sales data. The index numbers for volumes of hardcover books sold (starting with Year 1) is:

A) 431; 819; 100

B) 43.1; 81.9; 100

C) 100; 81.9; 43.1

D) 100; 0.819; 0.431

E) 0.431; 0.819; 100

70) Refer to Table 2-3. Between Year 1 and Year 3, what is the percentage change in sales of e-books?

A) 83 000%

B) 460.9%

C) 360.9%

D) 21.7%

E) 83%

 

 

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