Question

The ratio of current year price to base year price multiplied by 100 is called _______. (Fill in the blank by choosing correct option)
1) Relatives
2) Percentage
3) Price relatives
3) Quantity relatives

Answer 1

HEY USER HERE IS YOUR ANSWER :-

Percentage ie. Option 2 is correct .

HOPE IT HELPS YOU !!!!!.......✌️✌️✌️

Answer 2

Answer:

(3) Price Relatives

Explanation:

Price Relatives: Price Relatives can be defined as the ratio of the Current year Prices to the Base Year prices and taken the product with 100.

It is the relative price of any commodity that can be any good or the service with respect to that of the price of the same commodity or good or service in any other year.

It can also be stated as the ratio of the prices of the same product in two different countries.

Therefore, the correct option is (3).