Question

We use price index numbers a. to check prices b. to compare prices c. to measure prices d. To measure and compare prices

Answer 1

Answer:

d. to compare prices

i hope it helps you

Explanation:

Answer 2

d. To measure and compare prices

• The price index numbers are used to compare and measure the prices of the commodity in the market.
• Price index numbers can also be used to measure changes in the price level from time to time and further make a comparison and do the analysis for drawing conclusions.
• The Price Index Numbers also allow and enable the government to implement and undertake appropriate and necessary anti-inflationary measures.
• Factor Reversal Tests requires that the product of price index and their corresponding number of quantity index should be equal to the total value index number.
• The price index numbers can also be used for measuring the relative price changes,that may also consisting of a series of numbers arranged so as to facilitate comparison between the values for any two periods .

#SPJ2