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Which average is considered as the best average in construction of the index number ?

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in Economics by (44.3k points)

Which average is considered as the best average in construction of the index number ?

(a) Harmonic mean
(b) Arithmetic mean
(c) Weighted mean
(d) Geometric mean

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1 Answer

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by (43.3k points)

Correct option is (d) Geometric mean

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