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I an Index Number Is a Percent That Measures the Change

question 47

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i. An index number is a percent that measures the change in price, quantity, value, or some other item of interest from one time to another. ii. An index of 239.2 and an index of 86.4 are actually percents.
iii. All indexes have the same base, namely 1982-84, written 1982 - 84 = 100.


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