Q.Complete the correlation:
______ : Base year price : : P
_1
: Current year price

P0 : Base year price :: P1 : Current year price.

While constructing a price index number, standard symbols are used for the two years being compared:

• P0 denotes the base year price — the price in the reference year that is treated as 100.
• P1 denotes the current year price — the price in the year whose change is being measured. …