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Author Question: The table below shows hypothetical tuition costs at a Canadian ... (Read 50 times)

amymoore

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on: Oct 12, 2022

Question 1

Let 1 stand for "any given period" and 2 stand for "base period." The formula of any index number can be written as


◦

value of index at 1 =  × 100.


◦

value of index at 1 = .


◦

value of index at 1 =  × 100.


◦

value of index at 1 =  × 100.


◦

value of index at 1 = .



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. Assume that 2018 is used as the base year, with the index number = 100. The value of the index number in 2017 is calculated as follows:
◦ (5000/5100) × 100 = 98.
◦ (5100/5000) × 100 = 102.
◦ 5000/5100 = 0.98.
◦ 5100/5000 = 1.02.
◦ 5100/5100 = 100.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by amymoore on Oct 12, 2022

queenBea90

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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amymoore

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Excellent

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