Economy, asked by arabenriame, 11 months ago

what is index number? Discuss the steps in constructing index number?​

Answers

Answered by anjali5656
1

Explanation:

In constructing an index number, the following steps should be noted:

Purpose of the Index Number:

Selection of Commodities:

Selection of Prices:

Selection of an Average:

Selection of Weights:

Selection of the Base Period:

Selection of Formula:

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