economy






 

Question by  mike27 (15)

What is an index number with regard to the economy?

 
+6

Answer by  AndersL (71)

An index number is an economic figure that suggests price or quantity compared to a standard value. These numbers are helpful in comparing the price of something over time.

 
+5

Answer by  TOM10309 (149)

An index number represents an average price for a group of goods and services in a given region over a certain time frame.

 
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