__________ measures price changes from the producers perspective.
Producer price index
Agricultural price index
Consumer price index
Price index
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
Many methods have been given below for constructing index number of price. Which is the Laspeyres method:
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
The WPI is widely used into measure the rate of
Profit
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives