A table titled "Commodity Price Index, 1950-1998 (1970 = 100)" has a base year of:
A) 1950.
B) 1998.
C) 1970.
D) none of the above.

Name: A table titled "Commodity Price Index, 1950-1998 (1970 = 100)" has a base year of: A) 1950. B) 1998. C) 1970. D) none of the above.
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Question

Quizplus · Accepted Answer

The base year is the year against which all other years are compared in terms of price changes, and it is explicitly stated in the title as 1970.

A Table Titled "Commodity Price Index, 1950-1998 (1970 = 100)