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Multiple Choice Questions help please?

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    CIE Paper 3 http://www.xtremepapers.com/papers/C...8_w02_qp_3.pdf

    question 14 I just dont get it
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    (Original post by PeterFu)
    CIE Paper 3 http://www.xtremepapers.com/papers/C...8_w02_qp_3.pdf

    question 14 I just dont get it
    The answer is D right? First you must be able to distinguish between price and index. Check this out! Since we want to find NY of 2000 BASED on the index of 1990, we first need to divide the current price of 2000 with index of 2000 to get the price/index RATIO (this is my way of understanding it), and later on multiply it with index of 1990.

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Updated: June 9, 2012
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