Compute price relatives for specific goods and services in a given year, using a base year set at 100.

Quick explanation

Compute price relatives for specific goods and services in a given year, using a base year set at 100

• This point belongs to Index numbers, especially Index numbers outcomes.
• You need to be able to compute price relatives for specific goods and services in a given year, using a base year set at 100.
• The key ideas to know are Calculate.
• Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.