Question

What is index number point out it’s Ulity and limitation

Answer 1

Answer:

The index numbers prepared for one purpose cannot be used for another purpose. For example, the cost-of-living index numbers of factory workers cannot be used to measure changes in the value of money of the middle income group

Answer 2

Explanation:

Limitations of Index Numbers:

The index numbers prepared for one purpose cannot be used for another purpose. For example, the cost-of-living index numbers of factory workers cannot be used to measure changes in the value of money of the middle income group.