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Author Question: The base year for an index number is (Read 71 times)

dusk108

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on: Oct 12, 2022

Question 1

When studying economic data, index numbers are especially valuable when comparing
◦ relative movements in real and nominal variables.
◦ relative movements in different variables measured in different units.
◦ time-series data with cross-sectional data.
◦ linear and logarithmic data.
◦ government data with private-sector data.

Question 2

The base year for an index number is
◦ dependant upon the type of data.
◦ chosen arbitrarily by those who construct the data series.
◦ declared by the federal government.
◦ the year in which 2 or more index numbers are equal to 100.
◦ determined by the year the variable equals exactly 100.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dusk108 on Oct 12, 2022

StephaniaF

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

AmberC1996

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Reply 3 on: Yesterday
Excellent

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