Q 3) Table 1 shows the unit costs of labour, energy, communications and raw materials during a 3-year period. Year 1 is

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Q 3 Table 1 Shows The Unit Costs Of Labour Energy Communications And Raw Materials During A 3 Year Period Year 1 Is 1 (80.84 KiB) Viewed 94 times

Q 3) Table 1 shows the unit costs of labour, energy, communications and raw materials during a 3-year period. Year 1 is treated as base year. Calculate an appropriate iudex number for years 2 and 3. Show all the index values for the three years. Interpret your results. N 3 1 25 42 Table 1 Year Labour Energy Communications Raw materials 10 os 34 12 13 12 15 11 17 8 4) Table 2 shows the index numbers associated with transport costs during a 20-year period. The public transport costs reflect changes to bus and train fares, whereas private transport costs include purchase, service, petrol, tax and insurance costs of cars. (1) Which year is chosen as the base year? (2) Find the percentage increases in the cost of public transport from (a) 1985 to 1990 (b) 1990 to 1995 (e) 1995 to 2000 (d) 2000 to 2005 (3) Repeat part (2) for private transport. (4) Comment briefly on the relative rise in public and private transport costs during this 20-year period. Table 1 Year 1985 1990 1995 2000 2005 Public transport 100 150 220 270 290 Private transport 100 130 180 230 250