A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Price index
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
Consumer price index
The WPI is widely used into measure the rate of
Deflation
Inflation
Income
Profit
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 impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
Many methods have been given below for constructing index number of price. Which is the Laspeyer's method:
The formula for a weighted aggregative price index is.
None of these
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
