Define true value ratio.

1.	Define true value ratio.
Answer» The ratio between the total value of the current period and the total value of the base period is known as the true value ratio. (i.e) true value ratio = ∑p₁q_1 /∑p₀q₀

Answer»

The ratio between the total value of the current period and the total value of the base period is known as the true value ratio.

(i.e) true value ratio = ∑p₁q_1 /∑p₀q₀

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