An index number expresses the value of a variable in any given period
A)as an absolute compared to the base period.
B)as a percentage of its value in the base period.
C)as a proportional weighted average.
D)as an average of its value in the base period.
E)as a weighted average.

Question

Quizplus · Accepted Answer

Index numbers are typically expressed as a percentage of their value in a base period. This allows for easy comparisons of changes over time without being influenced by absolute values.

An Index Number Expresses the Value of a Variable in Any