Round the Following Decimal to the Nearest Hundredth

question 65

Multiple Choice

Round the following decimal to the nearest hundredth.
670.311

• A) 670.5
• B) 670.31
• C) 670.312
• D) 670.32
• E) none of the above

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Definitions:

Laspeyres Price Index

A price index that measures the change in the price level of a basket of goods and services, using the quantities of the base period as weights.

Base Year

A specific year against which economic growth or other variables are measured and compared.

Current Year

The present calendar year in which a transaction or event occurs or is being discussed.

Laspeyres Price Index

An economic measure that calculates the change in the price of a basket of goods and services, using the quantities purchased in the base year as weights.