English, asked by amarjeetsinghbp4t1xo, 11 months ago

What is price relative method of constructing index number

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Answered by Mohit0813

Answer:

Construction of Simple Index Numbers

In this method, we find out the price relative of individual items and average out the individual values. Price relative refers to the percentage ratio of the value of a variable in the current year to its value in the year chosen as the base.

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