Question

Index number for the base period is always taken as

Answer 1

The index at the base period is usually scaled to 100 or 1000. For example, let's say that the index at the chosen base period is set to 1000. If at another period the index is 2000, then the value indicated by the index (e.g. prices) would be estimated to be double what it was during the base period.

Answer 2

Answer:

100

Explanation:

let assume that price index equal to p

if we put simple aggregative price index formula p = Σp1/ Σp0 ×100

so Σp1=Σp0

so p = Σp1/ Σp0 ×100

p = 1 × 100

p = 100