Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
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
Many methods have been given below for constructing index number of price. Which is the Laspeyres method:
What is the full form of CPI ?
Consumer price index
Consumption permanant income
Consumer permenant income
Consumer permanant index
The formula for a simple aggregative price index is
None of these
__________ measures price changes from the producers perspective.
Producer price index
Agricultural price index
Price index
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.
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
Change
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
