Learn: Index Numbers - Base Year and Weights
AQA A level economics 7136 specification
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Match the items on the left with their correct pairs on the right
Match the items on the left with their correct pairs on the right
What does an index number of 120 mean, relative to a base year of 100?
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Weights are used in index numbers to reflect the relative importance of {{blank0}} in a group. For example, food often has a higher weight because it takes up a larger share of {{blank1}}.
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Calculate the index number for a product whose price in the base year was £5 and is now £7.
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Which of the following statements about index numbers are true? (Select all that apply)
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