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The Table Below Lists Two Index Number Series for Median

Question 12

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The table below lists two index number series for median household income of a particular country. 20002010 Year  Base  Base 2002982003100200410120051032006104200710520081072009113902010952011962012982013100201411020151162016117\begin{array} { | c | c | c | } \hline & \mathbf { 2 0 0 0 } & \mathbf { 2 0 1 0 } \\\hline \text { Year } & \text { Base } & \text { Base } \\\hline \mathbf { 2 0 0 2 } & 98 & \\\hline \mathbf { 2 0 0 3 } & 100 & \\\hline \mathbf { 2 0 0 4 } & 101 & \\\hline \mathbf { 2 0 0 5 } & 103 & \\\hline \mathbf { 2 0 0 6 } & 104 & \\\hline \mathbf { 2 0 0 7 } & 105 & \\\hline \mathbf { 2 0 0 8 } & 107 & \\\hline \mathbf { 2 0 0 9 } & 113 & 90 \\\hline \mathbf { 2 0 1 0 } & & 95 \\\hline \mathbf { 2 0 1 1 } & & 96 \\\hline \mathbf { 2 0 1 2 } & & 98 \\\hline \mathbf { 2 0 1 3 } & & 100 \\\hline \mathbf { 2 0 1 4 } & & 110 \\\hline \mathbf { 2 0 1 5 } & & 116 \\\hline \mathbf { 2 0 1 6 } & & 117 \\\hline\end{array} (a) Complete the 2000 index and the 2010 index by filling in the missing values.
(b) Interpret the 2016 value using each index.
(c) Which of your interpretations in part (b) do you prefer? Explain.

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(a) Use the multiplier 90/113 to fill in...

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