Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
The wholesale price index.
Measures changes in the level of industrial production.
Indicates changes in the general price level.
Is considered the appropriate indicator of general inflation.
Measures the economic growth of a country.
The formula for the industrial production index is
None of these
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
Price index
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
Consumer price index
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
__________ measures price changes from the producers perspective.
Producer price index
Agricultural price index
The formula for a weighted aggregative price index is.
The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
