Chapter 10 - Index Numbers (10.1)

G. R Carli is the first person that introduced index number concept.

• True

• False

The value of base year is always 100.

• True

• False

Price index or quantity index is a ratio in percentage, but the percentage symbol in not written.

• True

• False

The following is the uses of index number except

• measure the living cost

• Calculate the fixed deposit dividend

• Analyse the market price of goods

• Measure the difference of production

“15% price increase”

which index number represents the statement above?

• 85

• 185

• 115

• 15

“23% cost decrease”

Which number index represents the statement above?

• 77

• 123

• 177

• 23

The total sales of a pair of sunglasses in the year 2013 and 2014 is RM80 and RM96 respectively. Calculate the index number in the year 2014 based on the year 2013.

• 100

• 196

• 80

• 120

The registration of student in a private collage increase from 1 000 students in the year 2015 to 1 480 students in the year 2016. Calculate the index number of the student registration in the year 2016 based on the year 2015.

• 167.57

• 48

• 67.57

• 148

The price index for a kilogram of spice in the year 2016 based on the year 2014 is 115. If the price per kilogram of the spice in the year 2014 is RM7.00, find the price per kilogram of the spice in the year 2016.

• RM6.09

• RM1.05

• RM7.14

• RM8.05

The production of health food in a factory in the year 2020 is 11 151 boxes. If the production index of the health food in the year 2020 based on the year 2017 is 135, find the total production of the health food in the year 2017.

• 8 200

• 15 054

• 11 500

• 8 260