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:
What is the full form of CPI?
Consumer price index
Consumption permanent income
Consumer permanent income
Consumer price income
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.
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Price index
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
The WPI is widely used into measure the rate of
Profit
The formula for a simple aggregative price index is
None of these
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
