This document discusses index numbers, which are used to measure and track changes in the level of aggregate variables such as prices, production, employment, and income over time. It provides two problems involving index numbers and their corresponding solutions to demonstrate how to calculate and apply index numbers.
This document discusses index numbers, which are used to measure and track changes in the level of aggregate variables such as prices, production, employment, and income over time. It provides two problems involving index numbers and their corresponding solutions to demonstrate how to calculate and apply index numbers.
This document discusses index numbers, which are used to measure and track changes in the level of aggregate variables such as prices, production, employment, and income over time. It provides two problems involving index numbers and their corresponding solutions to demonstrate how to calculate and apply index numbers.
This document discusses index numbers, which are used to measure and track changes in the level of aggregate variables such as prices, production, employment, and income over time. It provides two problems involving index numbers and their corresponding solutions to demonstrate how to calculate and apply index numbers.