To compare one value measured at one point in time with other values measured at different points in time, index numbers must be used.

Name: To compare one value measured at one point in time with other values measured at different points in time, index numbers must be used.
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Question

Quizplus · Accepted Answer

Index numbers are specifically designed to compare values over different time periods by standardizing different data points, making it easier to see relative changes or differences over time.

To Compare One Value Measured at One Point in Time