The Statistics Canada reported that the farm population dropped from 30.5 million in 1940 to 16.5 million in 1999. What is the index for 1999 based on 1940?
A) 45.9
B) 103.0
C) 54.1
D) 78.7
E) 184.8

Question

Quizplus · Accepted Answer

To find the index, we need to use the following formula: 
(index value) = (current value / base value) x 100
Plugging in the given values: 
(index value) = (16.5 million / 30.5 million) x 100 
(index value) = 0.540 x 100 
(index value) = 54.1 
Therefore, the index for 1999 based on 1940 is 54.1.

The Statistics Canada Reported That the Farm Population Dropped from 30.5