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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.
The angles between three non-zero and non coplanar vectors a,b and c are α between b and c and β between c and a and γ between a and b. The vector u and v are defined by u=(aX
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Suppose you start saving today for a $55,000 down payment that you plan to make on a house in 7 years, assume that you make no deposits into the account after the initial deposit,
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