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index number |
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index number, in econometrics, a figure reflecting a change in value or quantity as compared with a standard or base. The base usually equals 100 and the index number is usually expressed as a percentage. For example, if a commodity cost twice as much in 1970 as it did in 1960, its index number would be 200 relative to 1960. Index numbers are used especially to compare business activity, the cost of living, and employment; one of the most influential indexes in the United States is the Consumer Price Index (see under cost of living cost of living, amount of money needed to buy the goods and services necessary to maintain a specified standard of living . The cost of living is closely tied to rates of inflation and deflation. ..... Click the link for more information. ). Index numbers enable economists to reduce unwieldy business data into easily understood terms. BibliographySee R. Marris, Economic Arithmetic (1958). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Addebat divitias quibus sepissime quidam impulsi his omnibus neglect(am) uxorem sibi deligunt, horum autem certo quoddam avarice signum indicant. Fifteen items describing assessment and treatment techniques were used as indicants of the rehabilitation approach. |
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