Index no. is equal to
A)sum of price relatives
B)average of the price relatives
C)product of price relative
D)none

Question

Quizplus · Accepted Answer

The index number is typically calculated as the average of the price relatives, which represent the ratio of the current price to the base period price, multiplied by 100. This average gives a single number that reflects the overall price level relative to the base period.

Index No. Is Equal to