Economics A Level (DONEEEEEEE): What are Index Numbers - why are the used? [GDP]

Question

What are Index Numbers - why are the used? [GDP]

eric_galvao · Accepted Answer

-These just track Change in a Particular Variable. They use a Base Number [100] and go from there
-For GDP, it can show off how much, in % the Economy [GDP] has Grown

Economics A Level (DONEEEEEEE)

What are Index Numbers - why are the used? [GDP]

-These just track Change in a Particular Variable. They use a Base Number [100] and go from there -For GDP, it can show off how much, in % the Economy [GDP] has Grown

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