The Average Salary (Indicator) in Yeman Was Measured as YER

question 2

Multiple Choice

The average salary (indicator) in Yeman was measured as YER (Yemeni Rial) 507,000 in 2011 and YER523,000 in 2013. At the same time, the cost of a small car has increased from YER3.65 million to YER3.92 million. Using the time series deflation method, calculate the Real Value Index of the small car (0 decimal places)

• A) 100
• B) 104
• C) 108
• D) 112

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