Question

(22)
If the production of an item increased by 7/5 times in the year 2016 as compared to the base year, find
the index number of production for the year 2016.​

Answer 1

Answer:

India ranks 46th on the quality of life index with Denmark sitting at the top. Did you know how such ranks are calculated? Our country’s rank is as much of concern as what index numbers are because such calculations are done using index numbers. Let us dive deep into the sea of index numbers.