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Question
The Price Index number is used ______.
Options
to measure the general changes in the prices of goods.
as a geographical tool.
to measure the air pressure.
in measurement of goods.
MCQ
Fill in the Blanks
Solution
The Price Index number is used to measure the general changes in the prices of goods.
Explanation:
A price index number is used to measure the general changes in the prices of goods over time. It compares the level of prices between two different time periods to analyze inflation, deflation, and economic trends.
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