If in a certain year the indices of prices received and paid by farmers were 125 and 160, respectively, the parity ratio (in percentage terms)would be approximately

Name: If in a certain year the indices of prices received and paid by farmers were 125 and 160, respectively, the parity ratio (in percentage terms)would be approximately
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Quizplus · Accepted Answer

The parity ratio is calculated as (index of prices received / index of prices paid) * 100. So, (125 / 160) * 100 = 78.125, which is approximately 78%.

If in a Certain Year the Indices of Prices Received