As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives
Price index
The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
A consumer price index measures changes in:
Retail prices
Whole sale prices
Production prices
The whole sale price index number indicates the _______ in the general price level.
Constant
Stable
None of these
The WPI is widely used into measure the rate of
Deflation
Inflation
Income
Profit
__________ measures price changes from the producers perspective.
Producer's price index
Agricultural price index
Consumer price index
Many methods have been given below for constructing index number of price. Which is the Laspeyer's method:
The formula for the industrial production index is
_____________ numbers measure the changes in the physical volume of production.
Quantity index
Index
In general, inflation is calculated by using:
Wholesale price index
Consumer prices index