Data are important in economics because __________ - D the...

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D) the interactions within the entire economy
Data are important in economics because __________ and __________
Time series data show information
Index numbers express base data in relation to some relative value
B) FALSE The retail price index is used to ______________ A) construct price lists B) compare shop prices C) measure changes in the cost of living D) none of the above
A real value can be derived from a nominal value by
To find the percentage change in a number, divide the absolute change by the original number and multiply by 100

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