Question

in notation P01 stands for
economics​

Answer 1

Answer:

P01 stands for price index number for the current year.

Answer 2

Price Index Number.

Explanation:

In economics, the notation P01 denotes Price Index Number.  

Index number is used to measure the relative change in the price of a commodity from one period of time to a different period of time in order to provide a statistical measure relating to a particular commodity.  

In index numbers factors such as Geographical location, income, and profession are accounted and is used in formulation of governmental policies to help a country’s economy.  

To Learn more:

i) Economics have developed several models for the purpose of?  

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ii) WHAT IS ECONOMICS?  

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