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tls043 tls043
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2 years ago

Let 1 stand for "any given period" and 2 stand for "base period." The formula of any index number can be written as



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value of index at 1 = (relative value at 1/relative value of 2) × 100.



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value of index at 1 = (relative value at 1/relative value of 2).



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value of index at 1 = (absolute value at 1/absolute value of 2) × 100.



▸

value of index at 1 = (absolute value at 2/absolute value of 1) × 100.



▸

value of index at 1 = (absolute value at 1/absolute value of 2).

Textbook 
Microeconomics

Microeconomics


Edition: 17th
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dorkiexcicidorkiexcici
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2 years ago
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tls043 Author
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2 years ago
Thanks
Mkersey12
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Yesterday
Thanks for your help!!
Shassta22
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2 hours ago
Thank you, thank you, thank you!
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