Index Number part of Macroeconomics Indicators Measurement-6

Presentation

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Social Studies

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10th Grade

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Practice Problem

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Hard

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Index Numbers in Macroeconomics Indicators

Index Numbers

International Economic-AS Level Chapter 6.2

Formulas

International Economic-AS Level Chapter 6.2

Multiple Choice

Calculate the percentage increase in the average price of imports between 2016 and 2017

5.43%

6.53%

12.37%

13.04%

Multiple Choice

Calculate the real value of imports in 2019 in 2018 prices

$772

$839

$842

$915

Multiple Choice

Between 2015 and 2020, consumer spending in an economy increased from $240 billion to $380 billion. If the base year for the index of consumer spending is 2015, what is the index of consumer spending in 2020

124.4

137.8

158.3

163.2

Index Numbers in Macroeconomics Indicators

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