__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
Price index
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
Wholesale price index
Consumer price index
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
Change
None of these
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
Many methods have been given below for constructing index number of price. Which is the Laspeyres method:
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
The WPI is widely used into measure the rate of
Deflation
Inflation
Income
Profit
The formula for a simple aggregative price index is