In the following index,which year is most likely to be the base period: 2003 = 123.3;2004 = 145.3;2005 = 111.4;2006 = 100;2007 = 94.3?
A) 2003
B) 2004
C) 2005
D) 2006
E) 2007

Question

Quizplus · Accepted Answer

The base period is the year used as a reference point to calculate the index. To determine the base period, we look for a year with an index value of 100. In this case, the index value of 100 is given in 2006. Therefore, 2006 is most likely to be the base period.

In the Following Index,which Year Is Most Likely to Be