Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: jack bopp on Sep 20, 2022



Title: The table below shows hypothetical tuition costs at a Canadian ...
Post by: jack bopp on Sep 20, 2022
The table below shows hypothetical tuition costs at a Canadian university.

YearTuition
2018$5000
2019$5050
2020$5100
2021$5150
2022$5200

TABLE 2-1

Refer to Table 2-1. Assume that 2020 is used as the base year, with the index number = 100. The value of the index number in 2018 is calculated as follows:

▸ (5100/5000) × 100 = 102.

▸ 5100/5100 = 100.

▸ 5100/5000 = 1.02.

▸ (5000/5100) × 100 = 98.

▸ 5000/5100 = 0.98.


Title: The table below shows hypothetical tuition costs at a Canadian ...
Post by: bigmatic94 on Sep 20, 2022
Content hidden