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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.
A pair of pants costs $24. The cost was decreased by 8%. What is the new cost of the pants? If the cost of the pants is decreased by 8%, the cost of the pants is 92 percent of
4*4=?
x^2 + 10x +2 4
Both need to be a full page, detailed proof. Not just a few lines of proof. (1) “Every convergent sequence contains either an increasing, or a decreasing subsequence (or possibly
31/3=?
State DeMorgan's law. Prove it using the truth table. Ans: DeMorgan's law defines that (i) (x ∨ y)' = x' ∧ y' (ii) (x ∧ y)' = x' ∨ y' Now let us dr
Trace the curve (x/a)^3/2+(y/b)^2/3=1
p=0
1. Draw a pair of tangents to a circle of radius 2cm that are inclined to each other at an angle of 900. 2. Construct a tangent to a circle of radius 2cm from a point on the c
d
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