Table 13-1
$\begin{array}{|l|l|l|l|l|l|}
\hline \text{Year}& 1998 & 1999 & 2000 & 2001 & 2002 \
\hline \text{ Amount} & 1323 & 1450 & 1480 & 1500 & 1512 \
\hline \text{ Index} & 100 & 109.6 & 111.9 & 113.4 & 114.3 \
\hline
\end{array}$

With reference to Table 13-1, if year 2000 is the base year, the index for 2001 is:
A) 1490
B) 100
C) 101.35
D) 98.67

Question

Table 13-1 
$\begin{array}{|l|l|l|l|l|l|}
\hline \text{Year}& 1998 & 1999 & 2000 & 2001 & 2002 \
\hline \text{ Amount} & 1323 & 1450 & 1480 & 1500 & 1512 \
\hline \text{ Index} & 100 & 109.6 & 111.9 & 113.4 & 114.3 \
\hline
\end{array}$

With reference to Table 13-1, if year 2000 is the base year, the index for 2001 is:
A) 1490
B) 100
C) 101.35
D) 98.67

Quizplus · Accepted Answer

The index for 2001 using 2000 as the base year is calculated by dividing the amount for 2001 by the amount for the base year (2000) and then multiplying by 100. So, $\frac{1500}{1480} \times 100 = 101.35$.

Table 13-1 With Reference to Table 13-1, If Year 2000 Is the 2001