With base year 1990, the index of industrial production for the year 1999 is 112. What will be the value of the index in 1999, if the base year is changed to 1982 and the index measured 96 in 1982?
A)112.24
B)116.66
C)85.71
D)92.09

Question

Quizplus · Accepted Answer

The index value for 1999 with 1982 as the base year can be calculated using the formula: New Index = (Old Index / Index of base change year with old base) * 100. Here, it's (112 / 96) * 100 = 116.66.

With Base Year 1990, the Index of Industrial Production for the Year