Question by  mike27 (15)

What is an index number with regard to the economy?


Answer by  AndersL (71)

An index number is an economic figure that suggests price or quantity compared to a standard value. These numbers are helpful in comparing the price of something over time.


Answer by  TOM10309 (149)

An index number represents an average price for a group of goods and services in a given region over a certain time frame.

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