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Index Numbers
Suppose in the first week of a month, the rate of inflation is 5% and it falls from 5% to 4% in the second week. What should it be interpreted. Ram says it should be interpreted as a fall in the price level. Do you agree with him?
No, I do not agree with him. It is not fall in the price level. It is only a fall in the speed at which prices tend to rise.
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In most of the weighted index numbers the weight pertains to:
The impact of change in the price of a commodity with little weight in the index will be:
A consumer price index measures changes in:
The item having the highest weight in consumer price index for industrial workers is:
In general, inflation is calculated by using:
The item having the highest weight in consumer’s price index for industrial workers is:
consumer price index measures changes in:
The wholesale price index.
D.A. paid to the workers is based on:
Why do we need an index number?
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