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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.
Since we are going to be working almost exclusively along with systems of equations wherein the number of unknowns equals the number of equations we will confine our review to thes
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SOLVE THE inequation 0>-5 -X AND X Belongs TO R .Represent THE SOLUTION SET ON THE NUMBER LINE
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