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As Chief Statistician for the County,you Want to Compute and Publish

question 45

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?

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