Business Studies, asked by samyrabudhwani7036, 1 month ago

"Index numbers are economic barometers." Explain this statement and mention
what precautions should be taken in making use of published index numbers.

Answers

Answered by vimalaarya605
2

Answer:

The selection of items and their prices depend on the purpose of index numbers. (ii) Selecting of the items: The second precaution which is to be taken while constructing index number is the selection of the items. The total number of items selected for the index should be neither too small nor too large.

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