QUESTION 23 As chief statistician for the county, you want to compute and publish every year a special-purpose index, which you plan to call Index of County Business Activity. Three series seem to hold promise as the basis for the index; namely, the price of cotton, the number of new cars sold, and the rate of money turnover for the county (published by a local bank). Arbitrarily you decide that money turnover should have a weight of 60 percent; number of new cars sold, 30 percent; and the price of cotton, 10 percent. Price of Cotton (per Rate of Money Number of Cars Sold Number of vas v pound) Turnover (an index) 1981 $0.20 100, 000 8 0 2006 80,000 120 What is the Index of County Business Activity for 1981 (the base year) and for 2006? O 100 for 1981, 139 for 2006 O 139 for 1981, 100 for 2006 O 100 for 1981, 61 for 2006 100 for 1981, 100 for 2006 QUESTION 24 An index number is a percent that measures the change from one period of time to another in terms of O Value O Price O Quantity O All of the above QUESTION 23 As chief statistician for the county, you want to compute and publish every year a special-purpose index, which you plan to call Index of County Business Activity. Three series seem to hold promise as the basis for the index; namely, the price of cotton, the number of new cars sold, and the rate of money turnover for the county (published by a local bank). Arbitrarily you decide that money turnover should have a weight of 60 percent; number of new cars sold, 30 percent; and the price of cotton, 10 percent. Price of Cotton (per Rate of Money Number of Cars Sold Number of vas v pound) Turnover (an index) 1981 $0.20 100, 000 8 0 2006 80,000 120 What is the Index of County Business Activity for 1981 (the base year) and for 2006? O 100 for 1981, 139 for 2006 O 139 for 1981, 100 for 2006 O 100 for 1981, 61 for 2006 100 for 1981, 100 for 2006 QUESTION 24 An index number is a percent that measures the change from one period of time to another in terms of O Value O Price O Quantity O All of the above