The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
The formula for a simple aggregative price index is
None of these
The formula for a weighted aggregative price index is.
The WPI is widely used into measure the rate of
Deflation
Inflation
Income
Profit
An __________ is a a statistical device for measuring changes in the magnitude of a group of related variables.
The Aggregative method
CPI
WPI
Index number
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
Price index
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
