What is Economic index?
An '''economic index''' is a [[number]] that is calculated from different economic factors, like [[price]]s or [[income]]. These numbers are calculated to be able to compare different economies in different [[country|countries]]. An example for such an index would be the [[Gross Domestic Product]] (or GDP). Usually, the base is given a value of 100 and all later data is expressed in relation to this base. For example, the consumer price index (CPI) of a year might stand at 95 (a fall of 5 percent in the prices) or 105 (an increase of 5 percent in the prices). Indexes (indices) also measure up and down movement of industrial production, and of the market prices of bonds, commodities, shares, etc. {{stub}} [[Category:Economic indicators]]