Home › CBSE Class 11 › economics › Index Numbers › Index numbers are often described as economic __…
Index numbers are often described as economic ___ because they signal the direction of economic change:
Abudgets
Bcalendars
Cbarometers
Dledgers
Answer & Solution
Correct answer: C. barometers
Index numbers act as economic barometers of change.
Related questions
Splicing of two index series is done toIn quantity index ΣQ₁P₀ / ΣQ₀P₀ × 100, the weights areValue Index relatesTime Reversal Test of an index number requiresIf the base year price of an article is Rs 50 and the current year price is Rs 60, the priIn Cost of Living Index, the items are usually classified underFisher's ideal index is thePaasche's price index uses weights from