Economics and the Price Index
By S.N. Afriat & Carlo Milana
- Release Date: 2008-11-26
- Genre: Business & Personal Finance
Economics and the Price Index book review score
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Economics and the Price Index S.N. Afriat & Carlo Milana Book Review Score: ★★★★★ 5/5 stars
The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for t
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