A price index as a statistic, measures - SchoolNGR

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A price index as a statistic, measures

A price index as a statistic, measures

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A How the value of money changes over time
B The volume of currency in the economy
C The exchange rate of a country's currency
D The composition of goods and services

Correct Answer: Option A

Explanation:
A price index is a measure of how prices change over a period of time, or it is a way to measure inflation.

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