Quiz: Calculating and Interpreting Index Numbers
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned about ratios, percentages, and constructing graphs, let's test your knowledge of calculating and interpreting index numbers!
What is the base year in an index number calculation?
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Which of the following are steps in calculating an index number? (Select all that apply)
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An index number expresses values relative to a {{blank0}} year, typically scaled to {{blank1}}.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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If the index number in 2022 is 125, what does this imply?
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Which of the following can index numbers be used to compare? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Match the items on the left with their correct pairs on the right
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If an index number is {{blank0}}, it represents no change compared to the base year.
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