Which statistical measure helps in measuring the purchasing power of money? Options: A . &nbspArithmetic average B . &nbspIndex numbers C . &nbspHarmonic mean D . &nbspTime series

Which statistical measure helps in measuring the purchasing power of money?

Question

Which statistical measure helps in measuring the purchasing power of money?

Options:

A . Arithmetic average

B . Index numbers

C . Harmonic mean

D . Time series

Answer: Option B

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