Question

short note on specialising and deflating index number​

Answer 1

AN INDEX NUMBER IS AN ECONOMIC DATA FIGURE REFLECTING PRICE OF QUANTITY COMPARED WITH THE STANDARD OR BASE VALUE. THE BASE USED EQUALS 100 AND THE INDEX NUMBER IS USUALLY EXPRESSED AS 100 TIMES THE RATIO TO THE BASE VALUE. ... IN SOME CASES , HOWEVER , INDEX NUMBERS MEIN COMPARE GEOGRAPHIC AREAS AT A POINT IN TIME.