The formula for the industrial production index is
None of these
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
Change
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
The formula for a simple aggregative price index is
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
Price index
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
All of above
What is the full form of CPI?
Consumer price index
Consumption permanant income
Consumer permanent income
Consumption price income
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
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.
Many methods have been given below for constructing index number of price. Which is the Laspeyer's method:
