The Table Below Lists Two Index Number Series for Median

question 21

Essay

The table below lists two index number series for median household income of a particular country. $$\begin{array} { | c | c | c | } \hline & \mathbf { 2 0 0 0 } & \mathbf { 2 0 1 0 } \\\hline \text { Year } & \text { Base } & \text { Base } \\\hline \mathbf { 1 9 9 9 } & 98 & \\\hline \mathbf { 2 0 0 0 } & 100 & \\\hline \mathbf { 2 0 0 1 } & 101 & \\\hline \mathbf { 2 0 0 2 } & 103 & \\\hline \mathbf { 2 0 0 3 } & 104 & \\\hline \mathbf { 2 0 0 4 } & 105 & \\\hline \mathbf { 2 0 0 5 } & 107 & \\\hline \mathbf { 2 0 0 6 } & 113 & 90 \\\hline \mathbf { 2 0 0 7 } & & 95 \\\hline \mathbf { 2 0 0 8 } & & 96 \\\hline \mathbf { 2 0 0 9 } & & 98 \\\hline \mathbf { 2 0 1 0 } & & 100 \\\hline \mathbf { 2 0 1 1 } & & 110 \\\hline \mathbf { 2 0 1 2 } & & 116 \\\hline \mathbf { 2 0 1 3 } & & 117 \\\hline\end{array}$$ (a) Complete the 2000 index and the 2010 index by filling in the missing values.
(b) Interpret the 2013 value using each index.
(c) Which of your interpretations in part (b) do you prefer? Explain.

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Definitions:

Lynched

Denotes an act of murder carried out by a mob through hanging, often without legal trial, primarily targeting African Americans in the United States.

Black Soldier

Typically refers to African American military personnel who have served in various capacities in the U.S. armed forces, historically facing segregation and discrimination.

White Police

Refers to police officers who are of Caucasian or European ancestry, often discussed in contexts relating to racial dynamics and law enforcement.

1943

A year during the 20th century, significant for events in World War II and other global developments.