What does ‘0’ indicate in price index Po1?
(a) Base year (b) Current year
(c) Last year (d) All of the above
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Q. What does ‘0’ indicate in price index P01?
a) Base year ✔
b) Current year
c) Last year
d) All of the above
↬ More to know :
• 'P1' indicates the price of the commodity in the current year (period).
• 'P0' indicates the price of the commodity in the base year (period).
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