Chapter: Index Numbers· Economics
Statements that highlight the significance of index numbers.(a) Index numbers are useful for making future predictions.(b) Index numbers help in the measurement of inflation.(c) Index numbers help to frame suitable policies.(d) Index numbers can be m…
Q.1 (A) (iv) Statements that highlight the significance of index numbers.
(a) Index numbers are useful for making future predictions.
(b) Index numbers help in the measurement of inflation.
(c) Index numbers help to frame suitable policies.
(d) Index numbers can be misused.
A. b, c, d
B. a, b, c
C. a, b, d
D. a, c, d