I the Base Number for Most Indexes Is 1

question 78

Multiple Choice

i. The base number for most indexes is 1. ii. Most business and economic indexes are carried either to the nearest whole percent, such as 312 or 96, or to the nearest 10^th of a percent, such as 97.5 and 178.6.
iii. Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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