Question

The formula for cost of living index number is ----​

Answer 1

Answer:

An index number is a figure reflecting price or quantity compared with a base value. The base value always has an index number of 100. The index number is then expressed as 100 times the ratio to the base value.⇒ Cost of living index = ∑w∑I. w=10010441. 5=104.

Step-by-step explanation:

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