The base year for an index number is
A)chosen arbitrarily by those who construct the data.
B)dependant upon the type of data.
C)declared by the federal government.
D)the year in which 2 or more index numbers are equal to 100.
E)determined by the year the variable equals exactly 100.

Question

Quizplus · Accepted Answer

The base year for an index number is chosen arbitrarily by those who construct the data, as it serves as a reference point for comparison over time.

The Base Year for an Index Number Is