Solved

Let 1 Stand for "Any Given Period" and 2 Stand  A) value of index at 1=absolute value at 1  absolute value at 2\text { A) value of index at } 1=\frac{\text {absolute value at 1 }}{\text { absolute value at 2}}

Question 50

Short Answer

Let 1 stand for "any given period" and 2 stand for "base period". The formula of any index number can be written as:  A) value of index at 1=absolute value at 1  absolute value at 2\text { A) value of index at } 1=\frac{\text {absolute value at 1 }}{\text { absolute value at 2}}

 B) value of index at 1= absolute value at 1absolute value at 2 ×100\text { B) value of index at } 1=\frac{\text { absolute value at 1}}{\text {absolute value at 2 }}\times 100

 C) value of index at 1=relative value at 1  relative value at 2\text { C) value of index at } 1=\frac{\text {relative value at 1 }}{\text { relative value at 2}}

 D) value of index at 1= absolute value at 2absolute value at 1 ×100\text { D) value of index at } 1=\frac{\text { absolute value at 2}}{\text {absolute value at 1 }}\times 100

 E) value of index at 1= absolute value at 1absolute value at 2 ×100\text { E) value of index at } 1=\frac{\text { absolute value at 1}}{\text {absolute value at 2 }}\times 100

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions