The wholesale price index.
Measures changes in the level of industrial production.
Indicates changes in the general price level.
Is considered the appropriate for the computation of Dearness Allowances ( DA) of employees
Measures the economic growth of a country.
The formula for a weighted aggregative price index is.
None of these
The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Price index
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
Consumer price index
The formula for a simple aggregative price index is
In a ______________ index weights may be determined by the proportion or percentage of expenditure on them in total expenditure during the base period.
Industrial production index
Weighted price relative index
Wholesale price index
Many methods have been given below for constructing index number of price. Which is the Laspeyer's method:
