152k views
3 votes
What is index number​

User Snowzjy
by
7.9k points

1 Answer

7 votes

Answer:

An index number is an economic data figure reflecting price or quantity compared with a standard or base value. The base usually equals 100 and the index number is usually expressed as 100 times the ratio to the base value.

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.