The table below shows hypothetical prices for a particular anatomy textbook at a university bookstore over several years.
TABLE 2-4
-Refer to Table 2-4.Assume that 2016 is used as the base year,with the index number = 100.The value of the index number in 2012 is
A)0.818.
B)1.0.
C)1.222.
D)81.8.
E)122.2.

Question

The table below shows hypothetical prices for a particular anatomy textbook at a university bookstore over several years.
  TABLE 2-4
-Refer to Table 2-4.Assume that 2016 is used as the base year,with the index number = 100.The value of the index number in 2012 is
A)0.818. 
B)1.0. 
C)1.222. 
D)81.8. 
E)122.2.

Quizplus · Accepted Answer

The index number in 2012 is calculated relative to the base year 2016. If the index number for 2016 is 100, and assuming the value in 2012 is 81.8% of the 2016 value, the index number for 2012 would be 81.8.

The Table Below Shows Hypothetical Prices for a Particular Anatomy