Question

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 nickel output in Year 5?

Select one:

A.

96

B.

96%

C.

-200%

D.

0.96%

E.

-200

Answer 1

Ans. A. 96

Base year = 7 & Nickel value of year 7 = 5002 & Nickel value of year 5 = 4802

Index number for nickel output in year 5 = = 96