price index numbers for current year rs 200 give year conclusion?
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commodities have changed. Some
items have become costlier, while others
have become cheaper. On his return
from the market, he tells his father
about the change in price of the each
and every item, he bought. It is
bewildering to both.
The industrial sector consists of
many subsectors. Each of them is
changing. The output of some
subsectors are rising, while it is falling
in some subsectors. The changes are
not uniform. Description of the
individual rates of change will be
difficult to understand. Can a single
figure summarise these changes?
Look at the following case
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