Author Question: The table below shows hypothetical tuition costs at a Canadian ... (Read 54 times)

camac77 · **on:** Oct 12, 2022

Question 1

The table below shows hypothetical tuition costs at a Canadian university.

Year	Tuition
2018	$5000
2019	$5050
2020	$5100
2021	$5150
2022	$5200

TABLE 2-1

Refer to Table 2-1. Assume that 2018 is used as the base year, with the index number = 100. The value of the index number in 2019 is
◦ 96.
◦ 0.96.
◦ 1.04.
◦ 104.
◦ 100.

Question 2

The table below shows hypothetical tuition costs at a Canadian university.

Year	Tuition
2018	$5000
2019	$5050
2020	$5100
2021	$5150
2022	$5200

TABLE 2-1

Refer to Table 2-1. The increase in tuition fees from 2018 to 2022 is
◦ 0.04%.
◦ 200.
◦ 200/5200.
◦ 100/5000.
◦ 4%.

Hamad · **Reply #1 on:** Oct 12, 2022

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