With Base Year 1990, the Index of Industrial Production for the Year

question 13

Multiple Choice

With base year 1990, the index of industrial production for the year 1999 is 112. What will be the value of the index in 1999, if the base year is changed to 1982 and the index measured 96 in 1982?

• A)112.24
• B)116.66
• C)85.71
• D)92.09

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Definitions:

GDP

Gross Domestic Product, which measures the total value of all goods and services produced within a country’s borders in a specific time period.

Partnership

A lawful business structure operated by two or more people who jointly manage and divide profits.

Limited Liability

A legal structure that limits the personal financial responsibility of shareholders for the debts or actions of a corporation to the amount they invested.

Capital Acquisition

The process of acquiring capital assets, which are resources such as machinery, tools, or buildings, used to produce goods or services.