cristinamiu8671 cristinamiu8671

02-01-2020
Business

contestada

Price indices"" are calculated by comparing product prices for a given year to prices for the same products in a specific year called the ______ year.

Respuesta :

jitushashi120 jitushashi120

08-01-2020

Answer:

Base year.

Explanation:

Price indices is the percentage change in the price of goods in the particular year compared to the price in the base year. Base year is taken as standard year. Price indices are used to measure inflation rate and cost of living, which may vary region to region. Vaughan is considered as inventor of price indeces.

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