Which Statement Is Correct for a Simple Index Number

question 58

Multiple Choice

Which statement is correct for a simple index number?

• A)For the base year, the index is set to 0.000.
• B)We cannot use index numbers to compare two time series measured in different units.
• C)The simple relative index for period t = 5 is calculated as Y₅/Y₁.
• D)Weighted index numbers have few practical applications because of their complexity.

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Definitions:

Stimulus Generalization

The process by which a conditioned response is triggered by stimuli that are similar but not identical to the original conditioned stimulus.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, characterized by a lack of initiative, effort, or persistence.

Latent Learning

Learning that occurs without any obvious reinforcement and is not demonstrated until there is an incentive to perform.

Insight Learning

A cognitive process where an individual suddenly realizes how to solve a problem without trial-and-error, often seen as a form of intuitive understanding.