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How is an index number calculated?

A

Index number = base-year value divided by the value in a year, multiplied by 100.

B

Index number = value in a year minus the base-year value, multiplied by 100.

C

Index number = value in a year divided by the base-year value, divided by 100.

D

Index number = value in a year divided by the base-year value, multiplied by 100.

Card 1 of 25

2.1.3 Uses of index numbers Flashcards

  1. A Level
  2. /Economics
  3. /2.1.3 Uses of index numbers

25 flashcards on AQA A Level Economics 2.1.3 Uses of index numbers: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards