Economy, asked by srsunil4181, 5 hours ago

Why index no are measured in percentage terms

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Answered by pk7504394

0

Answer:

Index numbers are intended to measure the degree of economic changes over time. These numbers are values stated as a percentage of a single base figure. Index numbers are important in economic statistics. ... Bowley stated that "Index numbers are used to gauge the changes in some quantity which we cannot observe directly".

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