The Table Below Shows Hypothetical Tuition Costs at a Canadian

question 86

Multiple Choice

The table below shows hypothetical tuition costs at a Canadian university. TABLE 2-1 Refer to Table 2-1.Assume that 2015 is used as the base year,with the index number = 100.The value of the index number in 2017 is calculated as follows:

• A)(5000/5100)× 100 = 98.
• B)5100/5000 = 1.02.
• C)5000/5100 = 0.98.
• D)5100/5100 = 100.
• E)(5100/5000)× 100 = 102.

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Definitions:

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