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Tests for an Ideal Index Number
1. Factor Reversal Test
Factor Reversal Test indicates that when the price index is multiplied along with a quantity index that is factors are reversed, it should result in the value index.
2. The time reversal test
If we reverse the time subscripts of a quantity or price index, the result must be reciprocal of the original index.
express the area of a square with sides of length 5ab as monomial
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EXPLAIN ME ABOUT ITS FUNCTIONS.
find the ratio of each of the following in simplest form 1] 9 months to 7 by 4
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