The Base Year for an Index Number Is

question 3

Multiple Choice

The base year for an index number is

• A)determined by the year the variable equals exactly 100.
• B)dependant upon the type of data.
• C)declared by the federal government.
• D)chosen arbitrarily by those who construct the data series.
• E)the year in which 2 or more index numbers are equal to 100.

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Definitions:

Pie Graph

A graphical representation of data that shows different portions of a whole in segments or slices of a circle.

Guidelines

Recommended practices or directives designed to steer actions or decisions in specific situations.

Convey

To communicate or make known information, ideas, or feelings.

Visual

Pertaining to sight or vision, or presented in a form that can be seen or perceived with the eyes.