The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
None of these
What is the full form of CPI?
Consumer price index
Consumption permanent income
Consumer permanent income
Consumer price income
__________ measures price changes from the producers perspective.
Producer price index
Agricultural price index
Price index
The formula for a simple aggregative price index is
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
The formula for a weighted aggregative price index is.
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:
