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Class 12 Tuition > Learn Economics > Why do we need an index number?
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Why do we need an index number?

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Krishna Tution

We need Index numbers because it helps to assess the living standard of people and Cost of measures the relative cost of living over time.
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We need Index numbersbecause it helpsto assess the living standard of people and Cost of measures the relative cost of living over time. read less
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Erudite and resuscitating interest in study

To measure the purchasing power of money and it also helps in framing suitable policies
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