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Homework answers / question archive / 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 2006 $60,530 2007 $58,280 2008 $62,660 2009 $64,420 2010 $65,000 2011 $66,200 2012 $54,050 2013 $67,880 2014 $66,500 2015 $62,410 2016 $67,290 Group of answer choices The sales index value for 2016 is (approximately) 120, indicating that sales in 2016 were 20% higher than in 2015

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 2006 $60,530 2007 $58,280 2008 $62,660 2009 $64,420 2010 $65,000 2011 $66,200 2012 $54,050 2013 $67,880 2014 $66,500 2015 $62,410 2016 $67,290 Group of answer choices The sales index value for 2016 is (approximately) 120, indicating that sales in 2016 were 20% higher than in 2015

Economics

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 2006 $60,530 2007 $58,280 2008 $62,660 2009 $64,420 2010 $65,000 2011 $66,200 2012 $54,050 2013 $67,880 2014 $66,500 2015 $62,410 2016 $67,290 Group of answer choices

The sales index value for 2016 is (approximately) 120, indicating that sales in 2016 were 20% higher than in 2015.

The sales index value for 2016 is (approximately) 120, indicating that sales in 2016 were 20% higher than in 2005.

The sales index value for 2016 is (approximately) 48.8, indicating that sales in 2016 were 49% higher than in 2005.

The sales index value for 2016 is (approximately) 120, indicating that sales in 2016 were 120% higher than in 2005.

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