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tara.harris.9 tara.harris.9
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The base year for an index number is

▸ dependant upon the type of data.

▸ chosen arbitrarily by those who construct the data series.

▸ declared by the federal government.

▸ the year in which 2 or more index numbers are equal to 100.

▸ determined by the year the variable equals exactly 100.
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Microeconomics


Edition: 17th
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iffn23iffn23
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chosen arbitrarily by those who construct the data series.

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