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

Question

Quizplus · Accepted Answer

Index numbers are useful in comparing relative movements in different variables that are measured in different units. They allow for easier analysis and understanding of changes in data over time.

When Studying Economic Data,index Numbers Are Especially Valuable When Comparing