Base year of Index number is
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The base year is the year in which an index is set to 100. While computing macroeconomic numbers such as inflation or economic growth rates, indices are used. To monitor prices, the statistical agencies of the government will choose a basket of goods, and set the value of this basket to 100, for a chosen base year.
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1
Answer:
100
Explanation:
Base year of Index number is 100.
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