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If the total expenditures in the base ye...

If the total expenditures in the base year and current year are equal, then its index number is ___.

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The correct Answer is:
100
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Knowledge Check

  • When the year 2000 is taken as the base year, the cost of living index is increased by 20% from 2006 to 2007. If the total expenditure in the base year is Rs. 20,000, and the cost of living index of 2007 is 210, then the total expenditures (in Rs.) in the years 2006 and 2007 are____.

    A
    35,000, 42,000
    B
    30,000, 40, 000
    C
    35,000, 45, 000
    D
    30,000, 42,000

  • The base year in an index number is taken as

    A
    100
    B
    0
    C
    1
    D
    None of these

  • What is the value of index in base year

    A
    100
    B
    0
    C
    1
    D
    None of these

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