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camac77

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Question 1

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

YearTuition
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.

YearTuition
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%.


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Marked as best answer by camac77 on Oct 12, 2022

Hamad

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camac77

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


aruss1303

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Reply 3 on: Yesterday
Excellent

 

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