An Index of Clothing Prices for 2014 Based on 2000

question 45

Multiple Choice

An index of clothing prices for 2014 based on 2000 is to be constructed. The prices for 2000 and
2014 and the quantity consumed in 2000 are shown below.
Assuming that the number sold remained constant, i.e., the same number were sold in 2014 as in
2000, what is the weighted index of price for 2014 using 2000 as the base?

• A) 206.7
• B) 214.5
• C) 48.4
• D) 46.6
• E) 240.0

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Definitions:

Internally Generated Goodwill

The increase in value of a business due to factors like reputation, brand, customer base, and relationships that are developed internally over time and not acquired or purchased.

Intangible Asset

An asset that lacks physical substance and usually represents legal rights or competitive advantages (e.g., patents, trademarks, copyrights).

Office Building

A structure designed for the operations of businesses, providing workspaces and offices for use by employees and management.

Patent Amortization

The gradual expense recognition of the cost of a patent over its useful life, reflecting the consumption of the patent's economic benefits.