1.

Define index number and 5use of index number​

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Answer:

An index is a STATISTICAL measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. 5 Uses of Index No.

  • In Measuring CHANGES in the Value of Money
  • In COST of Living
  • In Analysing Markets for GOODS and Services
  • In Measuring Changes in Industrial Production.
  • In Internal Trade



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