Techniques for Business Decisions
4: explore the sources of secondary economic data and understand formats such as Index Numbers

4. explore the sources of secondary economic data and understand formats such as Index Numbers
Material on National Economic Statistics and Worksheets on Index numbers [simple] are provided by the Biz/ed site. A further more complete source is given for Index Numbers.
- National Statistics Data
- Worksheet on Index Numbers [Student Version]
- Worksheet on Index Numbers [Tutor Version]
- Index Numbers [more extensive]
APEL task [max 500 words]
  • Explain the construction of five national economic indicators and indicate their potential use in a work setting
  • Show your understanding of two common Index Numbers by calculating [with hypothetical data] how such numbers could be used

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