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A price index as a statistic, measures

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Economics WAEC 2012

A price index as a statistic, measures

  • how the value of money changes over time checkmark
  • the volume of currency in the economy
  • the exchange rate of a country's currency
  • the composition of goods and services

The correct answer is: 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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