Business Studies, asked by sayacrz, 6 months ago

Index number specifies:

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Answered by palaksrivastava824

Index numbers are values expressed as a percentage of a single base figure. For example, if annual production of a particular chemical rose by 35%, output in the second year was 135% of that in the first year. In index terms, output in the two years was 100 and 135 respectively. Index numbers have no units.

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