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Home > Terms > Macedonian (MK) > ценовен индекс
ценовен индекс
A measure of the average prices of a group of goods relative to a base year. A typical price index for a vector of quantities q and prices pb, pg in the base and given years respectively would be I = 100pgq / pbq.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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