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Question Practice

Why are index numbers important in economic analysis?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Geography
Practical Work in Geography - Part II
Data – Its Source and Compilation
Question Bank

Why are index numbers importan...

Single Answer MCQ
Q-00088623

Why are index numbers important in economic analysis?

1

They provide exact figures.

2

They only reflect historical data.

3

They show changes in economic conditions.

4

They make data less comprehensive.

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