Let 1 stand for ʺany given periodʺ and 2 stand for ʺbase period.ʺ The formula of any index number can be written as
A) value of index at 1 = absolute value at 1 × 100. absolute value at 2
B) value of index at 1 = absolute value at 2 × 100. absolute value at 1
C) value of index at 1 = relative value at 1 × 100. relative value at 2
D) value of index at 1 = absolute value at 1 . absolute value at 2
E) value of index at 1 = relative value at 1 . relative value at 2

Question

Quizplus · Accepted Answer

The formula for an index number is typically the absolute value at the given period (1) divided by the absolute value at the base period (2), multiplied by 100.

Let 1 Stand for ʺAny Given Periodʺ and 2 Stand