Question
Using the data below, with 2005 as the base year, which of the following is true regarding the sales index and the growth in sales
Using the data below, with 2005 as the base year, which of the following is true regarding the sales index and the growth in sales over time?
| Year | Sales |
| 2005 | $56,090.00 |
| 2006 | $60,530.00 |
| 2007 | $58,280.00 |
| 2008 | $62,660.00 |
| 2009 | $64,420.00 |
| 2010 | $65,000.00 |
| 2011 | $66,200.00 |
| 2012 | $54,050.00 |
| 2013 | $67,880.00 |
| 2014 | $66,500.00 |
| 2015 | $62,410.00 |
| 2016 | $67,290.00 |
| 2017 | $68,574.00 |
| 2018 | $70,258.00 |
| 2019 | $71,992.00 |
Group of answer choices
The sales index value for 2017 is approximately 1.25, indicating that sales in 2017 were 25% higher than in 2016.
The sales index value for 2017 is approximately 1.25, indicating that sales in 2017 were 25% higher than in 2005.
The sales index value for 2017 is approximately 1.22, indicating that sales in 2017 were 22% higher than in 2016.
The sales index value for 2017 is approximately 1.22, indicating that sales in 2017 were 22% higher than in 2005.
Sales in 2017 were 122% higher than in 2005.
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Inflation, Unemployment And Capital Malformations
Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini
1st Edition
0429767064, 9780429767067
