base index Flashcards
1
Q
when do we use base data
A
transfer economic data to see trends
2
Q
what is the base for the data (No)
A
100
3
Q
how do we calculate index numbers
A
new - old/ old all times by 100
4
Q
if we were measuring inflation and index was 107 to 102 next year what does this show
A
disinflation where the inflation is still increasing but slower rate
5
Q
if we were measuring inflation and index was below 100 what does this show
A
deflation where it drops <100
