Take Test: Tut9
EBCS1514 EFBC2514 QWA On
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Take Test: Tut9
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Multiple AttemptsNot allowed. This test can only be taken once.
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QUESTION 1
By using the data in the table below, calculate for 2005 with 2002 as base year:
2002 2005
Product p0 q0 p1 q1 p1q0 p0q0 p1q1 p0q1
I 60 50 70 40
II 50 20 40 40
III 30 30 30 40
Total A B C D E F
The price of product II from 2002 to 2005:
increase
decrease
not a or b
1 points
QUESTION 2
Consider the following two price index series:
Year 1995 = 100
2002 80
2003 86
2004 90
2005 94
Year 2000 = 100
2005 115
2006 121
2007 130
2008 133
Splice the two index series to form one continuous series with 1995 as the base year. The index for 2004 is:
80
90
115
122.34
1 points
QUESTION 3
After some consideration it has been decided to change the base year for the fuel index from 2000 to 2005.
(2000=100) (2005=100)
1998 92 A
1999 98 B
2000 100 C
2001 104 D
2002 110 E
2003 118 F
2004 120 G
2005 125 H
2006 115 I
Find the value of C.
108
125
90
80
160
1 points
QUESTION 4
The data in the table represents the revenue (in R 10 000) of a well – known supermarket for each over a two – year period: The growth rate in revenue for the third term of 2007, using the method current period on the preceding period is:
2006 (I) R 1432
(II) R 1500
(III) R 1620
(IV) R 1648
2007 (I) R 1424
(II) R 1610
(III) R 1693
(IV) R 1733
-5.16%
-0.49%
1.05%
5.16%
105.16%
1 points
QUESTION 5
After some consideration it has been decided to change the base year for the fuel index from 2000 to 2005.
(2000=100) (2005=100)
1998 92 A
1999 98 B
2000 100 C
2001 104 D
2002 110 E
2003 118 F
2004 120 G
2005 125 H
2006 115 I
Find the value of I.
134
113
92
66
75
1 points
QUESTION 6
Consider the following quantity index series: Shift the base year of this index series to 2007.
Year 2005 = 100
2005 100
2006 106
2007 116
2008 121
The new index for 2005 is:
100
102.36
96.35
86.21
1 points
QUESTION 7
The information below contains the annual earnings (in rands) of a company over a five year period from 2010 to 2015, as well as the Consumer Price Index for the same period:
Year Annual earnings Consumer Price Index Real earnings
2010 13450 100 A
2011 13800 105 B
2012 15000 112 C
2013 16500 123 D
2014 18000 132 E
Find the value of B.