As Chief Statistician for the County, You Want to Compute

question 113

Multiple Choice

As chief statistician for the county, you want to compute and publish every year a special-purpose index, which you plan to call Index of County Business Activity. Three series seem to hold promise as the basis for the index; namely, the price of cotton, the number of new cars sold, and the rate of money turnover for the county (published by a local bank) . Arbitrarily you decide that money turnover should have a weight of 60 percent; number of new cars sold, 30 percent; and the price of cotton, 10 percent. What is the Index of County Business Activity for 1981 (the base year) and for 2006?

• A) 100 for 1981, 139 for 2006
• B) 139 for 1981, 100 for 2006
• C) 100 for 1981, 61 for 2006
• D) 100 for 1981, 100 for 2006

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Definitions:

Federal Holidays

Federal holidays are public holidays officially recognized by the federal government of a country, during which non-essential federal government offices are closed, and employees are paid for the holiday.

Soldiers

Individuals who serve in an army or armed forces, characterized by their role in defense and military activities.

Connecting Term

A term or word used in logic and linguistics to join together separate clauses, sentences, or components, facilitating a coherent structure.

Caffeine

A stimulant compound often found in coffee, tea, and some soft drinks, known for its capacity to enhance alertness and energy levels.