_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
All of above
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
Price index
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
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 WPI is widely used into measure the rate of
Profit
The formula for a simple aggregative price index is
None of these
What is the full form of CPI ?
Consumer price index
Consumption permanant income
Consumer permenant income
Consumer permanant index
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
