identify the purchasing power using the concept of cost of living index number
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It is also known as the cost of living index number or Retail price index number or price of living index number. It measures only changes in prices. ... Helpful in measuring the change in purchasing power : Consumer price index also helps in measuring the change in purchasing power of the money.
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Step-by-step explanation:
It is also known as the cost of living index number or Retail price index number or price of living index number.
It measures only changes in prices. ...
Helpful in measuring the change in purchasing power
: Consumer price index also helps in measuring the change in purchasing power of the money
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