i. An index of 239.2 and an index of 86.4 are actually percents. ii. The base period for one index might be 1982-84, while the base period for another index might be 1977. 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

All three statements are correct. Index numbers are often expressed as percentages of a base period. Different indexes can have different base periods. Business and economic indexes are typically rounded to the nearest whole number or tenth of a percent.

I an Index of 239