Math, asked by crunchy20, 2 months ago

Identify the purchasing power using the

concept of cost of living index number. Explain plz

Answers

Answered by sharmamitali080509

Answer:

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.

Step-by-step explanation:

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