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CHAPTER 15 ASSIGNMENT
INDEX NUMBERS
Name ________________________________ Section ________ Score _______
Part I Select the correct answer and write the appropriate letter in the space provided.
______1. The base period isa. always 1982-84.b. usually a year such as 199! or a "roup o# years such as 1982-84.c. always reported as dollars.d. a number such as 14.$%
______2. & "iven period re#ers toa. any other period than the base period.b. the year 19$%.
c. a dollar value such as '2(!.d. the smaller o# two values.
______). & *aspeyres +rice ,nde uses as its wei"htsa. "iven period uantities.b. base period uantities.c. base period prices.d. "iven period prices.
______4. ,n an a""re"ate price indea. the prices o# several commodities are added.b. no consideration is "iven to the units.c. it does not consider the uantities involved.
d. all o# the above.
______(. The +aasche +rice inde uses as its wei"hts thea. "iven period uantities.b. base period uantities.c. base period prices.d. "iven period prices.
______$. The current base period #or the /onsumer +rice ,nde isa. 1982-84.b. 199)-9(.c. 1982.
d. 1984.
______%. The ,nde o# ,ndustrial +roduction is 1)(.4! 01982-84 1. This means thatproductiona. increased ')(.4 in 199$. b. declined )(.4 percent since 1982.c. increased )(.4 percent since 1982-84. d. decreased )(.4 percent in 199$.
______8. & #irm sold '(! o# a particular product in 199( and '12! in 2(. 3sin" 199( asthe base! what is the inde #or 21
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a. '%! b. 24 percentc. 14 percent. d. 41.% percent
______9. &n inde has 198 as its base. The inde reported in 199) was 12%.2 and in 2( it was18$.%. The percent increase #rom 199) to 2( isa. 4$.8 percent. b. 2%.2 percent.
c. (9.( percent. d. none o# the above.
______1. 5hich o# the #ollowin" price indees uses currentperiod uantities in its basea. a value inde b. a simple indec. *aspeyres +rice ,nde d. +aasche +rice ,nde
Part II: 6ecord your answer in the space provided. Show essential wor7.
11. The earnin"s per share #or enerallectric #rom the 22 &nnual 6eportare "iven at the ri"ht. :evelop aninde showin" the chan"e in earnin"s#or the "iven years. 3se 1998 as thebase period.
12. +ro#essor ;im
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a.
consumed by a #amily o# #our #or selected #ood commodities #or 199 and 2$. 3se 199 asthe base period.
a. :etermine the simple inde #or stea7 #or 2$.
b. :etermine the simple a""re"ate price inde #or 2$.
c. :etermine the *aspeyres price inde #or 2$.
d. :etermine the +aasche price inde #or 2$.
e. :etermine a value inde #or 2$.
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b.
c.
e.
d.
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14. The table reports the net pro#it #or >eban Tool and :ie! ,nc.#or the years 199$ and 2$. &lso reported is the tool and die
inde #or the same years 0198( 1.
a. 5hat was the percent increase in the inde #rom 199$ to 2$
b. /onvert the inde to a 199$ base. 5hat is the new inde #or 2$
c. :etermine the net pro#it #or 2$ in terms o# the 199$ base. /omment onthe chan"e.
Index Number Chapter 15
!ear Net pr(,"t Index
199$ '4(!)8 1)$.)
2$ $(!)( 1(.2
70
a.
b.
c.