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Index Numbers

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Question 4
54%

The following table shows the value of a house in Ockendon for the years 1990 and 1991.

Ockendon

Year19901991
Value (£)£80 000£88 000
a.

Taking 1990 as the base year, work out the value of the house in Ockendon in 1991 as an index number.

[2]
b.

Using 1990 as the base year, the value of a house in Tilbury in 1991 as an index number is 108.5. Interpret and compare the index numbers for Ockendon and Tilbury in 1991.

[2]

Index Numbers Questions

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