Question

mention any two uses of index number​

Answer 1

Answer:

Index numbers are used to measure changes in the value of money. A study of the rise or fall in the value of money is essential for determining the direction of production and employment to facilitate future payments and to know changes in the real income of different groups of people at different places and times.

Explanation:

I hope you understand now.

Answer 2

Uses of index numbers​ are:

In fields such as economics, we also use index numbers:

• Index numbers provide suggestions for creating simple and appropriate policies.
• These criteria can also assist with research, quotients, and other judgments.

The utilization of index numbers assists in addressing future economic activity augmentation.

• The majority of people employ it in time series analysis to learn more about cycle developments, trends, and variances, among other things.