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The table below shows hypothetical data for the volume of gold and nickel output across several ...

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The table below shows hypothetical data for the volume of gold and nickel output across several ...

The table below shows hypothetical data for the volume of gold and nickel output across several years.

	Gold (troy ounces)	Index	Nickel (lbs)	Index
Year 1	1 230 000		4500
Year 2	1 416 000		4551
Year 3	1 349 000		4623
Year 4	947 000		4791
Year 5	1 012 000		4802
Year 6	1 321 000		4867
Year 7	1 450 000	100	5002	100
Year 8	1 510 000		5117

TABLE 2-6

Refer to Table 2-6. What is the index number for gold output in Year 2?

▸ -3.4%

▸ 0.977

▸ 97.7

▸ -34%

▸ 97.7%

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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