Economics and the Price Index: 1st Edition (e-Book) book cover

Economics and the Price Index

1st Edition

By S.N. Afriat, Carlo Milana

Routledge

288 pages

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Description

The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for t

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General