The Table Below Shows Hypothetical Tuition Costs at a Canadian

question 80

Multiple Choice

The table below shows hypothetical tuition costs at a Canadian university. $$\begin{array} { | c | c | } \hline \text { Year } & \text { Tuition } \\\hline 2008 & \$ 5000 \\\hline 2009 & \$ 5050 \\\hline 2010 & \$ 5100 \\\hline 2011 & \$ 5150 \\\hline 2012 & \$ 5200 \\\hline\end{array}$$ TABLE 2- 1
-Refer to Table 2- 1.Assume that 2008 is used as the base year,with the index number = 100.The value of the index number in 2010 is calculated as follows:

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

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