An index number expresses the value of a variable in any given period
A)as a percentage of its value in the base period.
B)as a weighted average.
C)as a proportional weighted average.
D)as an average of its value in the base period.
E)as an absolute compared to the base period.

Question

Quizplus · Accepted Answer

Index numbers are used to measure changes in the value of a variable over time. The index number expresses the value of the variable in any given period as a percentage of its value in the base period. This allows for easy comparison and analysis of changes over time.

An Index Number Expresses the Value of a Variable in Any