i. The base period for one index might be 1982-84, while the base period for another index might be 1977. ii. The base number for most indexes is 1. iii. Most business and economic indexes are carried either to the nearest whole percent, such as 312 or 96, or to the nearest 10^thof a percent, such as 97.5 and 178.6. A) (i), (ii), and (iii) are all correct statements. B) (i) and (ii) are correct statements but not (iii). C) (i) and (iii) are correct statements but not (ii). D) (ii) and (iii) are correct statements but not (i). E) (i), (ii), and (iii) are all false statements.

Question

Quizplus · Accepted Answer

The base period for indexes can indeed vary, such as 1982-84 or 1977, and indexes are often carried to the nearest whole number or to the nearest tenth of a percent. However, the base number for most indexes is typically 100, not 1, to facilitate percentage comparisons.

I the Base Period for One Index Might Be 1982-84