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Aug 25th, 2006, 08:45 AM
#1
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New Member
Help: Index Numbers & Inflation! :P
Table Seven:
----------Sales--------------------RPI---------
-----(£ Thousands)----------(13 Jan '87 = 100)-------
1994:-----800--------------------144.1------------
1995:-----828--------------------149.1------------
1996:-----848--------------------152.7------------
1997:-----874--------------------157.5-----------
Table 7 shows the annual sales figures for Acme Trading. Calculare the 'real' sales at 1994 prices rounded to the nearest £ thousand and complete the following statement:
Acme's sales are:
A) just keeping up with inflation
B) falling and not keeping up with inflation
C) falling but staying ahead of inflation
D) growing but not keeping up with inflation
E) growing and stayin ahead of inflation
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