Скачать или смотреть 12th Economics: Base Year in Index Numbers

Dive into the concept of the base year in index numbers with this quick guide. Understand why the base year is crucial for comparison, typically assigned an index value of 100, to measure changes over time. This video is perfect for 12th-grade students studying Economics, especially those focusing on Chapter 7: Index Numbers. Question explored: What does the base year in index numbers represent? Options include the year with the highest economic activity, the year for comparison assumed to have an index of 100, the year with the lowest prices, and the current year for which the index is being prepared. Find out the correct answer and the reasoning behind it in this concise explanation.

Standard: 12th
Subject: ECONOMICS
Medium: English

Chapter: INDEX NUMBERS
Chapter Number: 7
Book Page: 53

Difficulty: medium

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