Sean McCarthy earns $20,000 a year,while John Nowak earns $35,000. What is John's income as an index using Sean's income as the base?
A) 175.0
B) 75.0
C) 100.0
D) 57.1
Correct Answer:
Verified
Q15: In the numerator of a value index,the
Q16: The Laspeyres method computes a weighted index.
Q17: A value index method computes a simple
Q18: If the average wage was $7.67 per
Q19: The Consumer Price Index (CPI)measures the change
Q21: The take-home pay of an employee working
Q22: Real income is computed by _.
A)dividing money
Q23: The number of items produced and the
Q24: The Consumer Price Index in June 2006
Q25: As chief statistician for the county,you want
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents