Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Price index
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
Consumer 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.
The formula for the industrial production index is
None of these
In a ______________ index weights may be determined by the proportion or percentage of expenditure on them in total expenditure during the base period.
Industrial production index
Weighted price relative index
Wholesale 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:
Consumer prices index
Producer's price index
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
Change
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
