Question

if price index of base year with respect of current year is 125 then what it is mean​

Answer 1

Answer:

Sorry dear I don't know the answer.

Answer 2

Price index of base year

Explanation:

• We understand that where the price index is usually expressed as a percentage which means the actual ratio is multiplied by 100.
• We can say where this means that if the ratio of the costs is 1.25 the index is reported as being 125 and both figures mean that the price on average in the current year are 125 percent of what they were in the base year.