Question

Index numbers are economic barometer s explain

Answer 1

HEY MATE HERE IS YOUR ANSWER

Index number is a number which expresses the relative change in magnitude of a variable or number of variables during a specified period. ... The index numbers are known as economic barometer or economic indicators since they help in understanding the changes in economic conditions of the society.

Answer 2

index numbers are economic Barometers

Explanation:

Becoz it measures change in the price level, studies a change in the standard of living, useful in planning and decision making, determines the level of production and helps the government in farming policy