Which statistical measure helps in measuring the purchasing power of m

1.	Which statistical measure helps in measuring the purchasing power of money?
Answer» Index numbers Index numbers STATISTICAL measure helps in measuring the purchasing power of MONEY. Index numbers POSSESS much practical importance in measuring changes in the cost of living, PRODUCTION trends, trade, income variations, etc.

Which statistical measure helps in measuring the purchasing power of money?

Answer»

Index numbers

Index numbers STATISTICAL measure helps in measuring the purchasing power of MONEY. Index numbers POSSESS much practical importance in measuring changes in the cost of living, PRODUCTION trends, trade, income variations, etc.

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Which statistical measure helps in measuring the purchasing power of money?

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