State the uses of the Cost of Living Index Number.

1.	State the uses of the Cost of Living Index Number.
Answer» Uses of Cost of Living Index Number • It indicates whether the real wages of workers are rising or falling for a given time. • It is used by the administrators for regulating dearness allowance or grant of bonus to the workers.

Answer»

Uses of Cost of Living Index Number

• It indicates whether the real wages of workers are rising or falling for a given time.

• It is used by the administrators for regulating dearness allowance or grant of bonus to the workers.

Discussion