An index or index number combines relative changes in various variables into one figure. Price and volume indices are important indicators in economic statistics. They give aggregated information on ...

There’s smoke and ash outside. You feel like you’re inhaling tiny dust particles. You check your weather app for the air quality. But what do the numbers and colors mean? The Air Quality Index is a ...

Index Numbers Class 11 Revision Notes: This article brings to you Revision Notes for Class 11 Economics Chapter 7, Index Numbers. Also, find attached a PDF download link for the same. Students can ...

Index Numbers Class 11 MCQs: This article hands out Multiple Choice Questions (MCQs) for CBSE Class 11 Statistics for Economics Chapter 7, Index Numbers. Students can also use the PDF download link ...

A way to standardize the price changes of goods that have much different prices. For example, a consumer price index might be represented by a shopping cart of goods. Suppose those goods cost $324.

There has been a spurt of interest in recent times on index numbers. This has been driven by the publication of indices by global NGOs on social issues showing that India’s performance has been poor.