An Index Number Expresses the Value of a Variable in Any

question 82

Multiple Choice

An index number expresses the value of a variable in any given period

• A)as a percentage of its value in the base period.
• B)as a weighted average.
• C)as a proportional weighted average.
• D)as an average of its value in the base period.
• E)as an absolute compared to the base period.

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Definitions:

Trial and Error

A method of problem-solving by which multiple attempts are made to reach a solution, learning and adapting from each failed attempt.

Forming Subgoals

A strategy used in problem-solving that involves breaking down the main goal into smaller, more manageable objectives or tasks.

Working Backward

A problem-solving strategy that starts with the outcome and works in reverse to find the solution.

Sub-goals

Intermediate objectives or milestones set as steps toward achieving a larger goal, helping to make complex tasks more manageable.