Summary
Summary Notes on Unit 10 - Index Numbers
- Institution
- AQA
These notes talk about what index numbers are and what an index number reflects.
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Index Numbers 11/01/2023Index numbers – useful way of expressing economic data time series and
comparing/contrasting information.
Figure reflecting the price and quantity compared with the base value.
Base value always has an index number of 100
Index number expressed as 100 times the ratio to the base value
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