An index number is a percent that measures the change in price,quantity,or value,compared to a base period.

Name: An index number is a percent that measures the change in price,quantity,or value,compared to a base period.
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Question

Quizplus · Accepted Answer

This statement correctly defines what an index number is. It is a ratio expressed as a percentage that measures the change in price, quantity or value over time, compared to a base period.

An Index Number Is a Percent That Measures the Change