Bulletin of the Department of Labor

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Excerpt from Bulletin of the Department of Labor: No. 39, March, 1902These percentages having been made in the case of eacl article included in the particular scheme under consideratio each year of the period covered, a series of total index 111 relative prices. For eachof the years covered is usually co adding together the index numbers of all the articles for and dividing-the result by the number of articles consid securing an average of the same. This course has been fc Sauerbeck, Soetbeer, the United States Senate Finance C and some others. In the case of the London Economist indei however simply the sum or the-index numbe1s of the individ is used, for example, the total of the index numbers for the l (1845 to 1850) 1s 2, 200, or the sum of the base figures (100) articles considered, and the, total of the percentages for 18' These sums, however may be readily reduced to the average'i in other Series of index numbers by dividing each by 22, the articles considered. It Will be seen_ then that the index 1. Relative pi lces £01 all the commodities_ combined do not repr ages'of'. The actual prices of such dissimilar commodities as bread, a pound of meat, a ton of p1g 1ron, etc., but are a the index numbers or relative p1ioes of the articles.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.