Chapter 7

Year Index
1 108
2 112
3 116
4 124
5 131

From the data above, the percentage change from year 1 to year 2 is
1. 3.6
2. 3.7
3. 5.6
4. 6.9
From the data above, the percentage change from year 2 to year 3 is
1. 3.6
2. 3.7
3. 5.6
4. 6.9
From the data above, if the index were rebased so that Year 3 = 100, the index for year 1 would be
1. 93.1
2. 100
3. 112.9
4. 116
From the data above, if the index were rebased so that Year 3 = 100, the index for year 5 would be
1. 93.1
2. 100
3. 112.9
4. 116
From the data above, the price relative for item B for the second year is
1. 1.050
2. 1.1375
3. 1.167
4. 1.200
From the data above, the aggregative price for the second year is
1. 105.0
2. 113.75
3. 116.7
4. 120.0
From the data above, the Laspeyres all items Price index for the second year is
1. 100.0
2. 108.0
3. 112.0
4. 121.8
From the data above, the Paasche all items Price index for the second year is
1. 100.0
2. 108.0
3. 112.8
4. 121.8
From the data above, the all items Value index for the second year is
1. 100.0
2. 108.0
3. 112.8
4. 121.8
The Retail Prices Index uses
1. 11 items
2. 100 items
3. 350 items
4. 650 items