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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.
#question.mario has 3 nickelsin his pocket.wha fraction ofadolla do 3 nickels represent
3 3/7 + 2 8/9 * 4=
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