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.
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Price index
Index
Consumer price index
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
Many methods have been given below for constructing index number of price. Which is the Laspeyres method:
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
The WPI is widely used into measure the rate of
Deflation
Inflation
Income
Profit
The formula for the industrial production index is
None of these
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
