Index level and use of indices

Reference no: EM1398621

Question a: Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.

Choose the right answer:

a. True

b. False

Question b: The Bureau of the Census reported that the farm population dropped from 30.5 million in 1940 to 6.5 million in 1999. What is the index for 1999 based on 1940? Choose the right answer:

a. 469.7

b. 100.0

c. 21.3

d. 78.7

Reference no: EM1398621

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