Why do economists use index numbers to measure the price level rather than dollar value of goods? ECON QUSTION

Question

asked Oct 9, 2024 8.5k views

1 Answer

Hoog · Answer 1 · 2024-10-15T16:31:22+0000

Answer: index numbers are a constant statistical series which are designed and used to measure changes in the prices of goods and services over a certain period of time.

Step-by-step explanation:

Why do economists use index numbers to measure the price level rather than dollar value of goods? ECON QUSTION

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions