Answered

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Composite index numbers are used to
A. combine information from several years.
B. combine information from several locations.
C. combine information from several variables.
D. none of the above.

Sagot :

GinnyAnswer

Final answer:

Composite index numbers combine information from several variables to simplify analysis.


Explanation:

Composite index numbers are used to combine information from several variables. These index numbers help in summarizing data from multiple sources into a single value for easier comparison and analysis. An example of this is the Consumer Price Index that combines various price data into a single index for measuring inflation.


Learn more about Composite index numbers here:

https://brainly.com/question/29689929


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