State the uses of Index Number.

1.	State the uses of Index Number.
Answer» The uses of Index numbers are as given below: • It is an important tool for formulating decisions and management policies. • It helps in studying the trends and tendencies. • It determines the inflation and deflation in an economy

Answer»

The uses of Index numbers are as given below:

• It is an important tool for formulating decisions and management policies.

• It helps in studying the trends and tendencies.

• It determines the inflation and deflation in an economy

Discussion