Question

simple index number and weighted index number different between​

Answer 1

Explanation:

In the simple index number all items of the series are treated as of equal importance. In the weighted index, weights are accorded to different items depending on their relative importance

Answer 2

Answer:

Simple index numbers is a method of constructing an index number in which every commodity is given equal importance. Weighted index numbers is a method of constructing an index number in which suitable weights are assigned to various commodities. It is the easiest method for constructing index numbers.

Explanation:

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