__________ measures price changes from the producers perspective.
Producer price index
Agricultural price index
Consumer price index
Price index
The impact of change in the price of a commodity with little weight in the index will be:
Small
Large
Uncertain
Change
Consumer index numbers are helpful in
Wage negotiation
Formulation of income policy
Price policy
All the above
The formula for the industrial production index is
None of these
_____ is a general and continuing increase in prices.
Inflation
Deflation
Income
All of above
The formula for a weighted aggregative price index is.
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.
__________ also known as the cost of living index.
Industrial production index
Weighted index
Consumer price index (CPI)
The formula for a simple aggregative price index is
As index number which accounts for the relative importance of the items is known as:
Weighted Index
Simple aggregative Index
Simple average of relatives