Many methods have been given below for constructing index number of price. Which is the Laspeyres method:
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Price 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
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index
Producer's price index
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
All the above
The WPI is widely used into measure the rate of
Profit
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
In a ______________ index weights may be determined by the proportion or percentage of expenditure on them in total expenditure during the base period.
Weighted price relative index
Consumer price index