If in a certain year the indices of prices received and paid by farmers were 115 and 142 respectively, the parity ratio (in percentage terms) would be

Name: If in a certain year the indices of prices received and paid by farmers were 115 and 142 respectively, the parity ratio (in percentage terms) would be
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Question

Quizplus · Accepted Answer

The parity ratio is calculated by dividing the index of prices received by the index of prices paid and then multiplying by 100. So, (115/142) * 100 = 81.

If in a Certain Year the Indices of Prices Received