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  • Index Numbers

Index Numbers

Question
CBSEENST11024692
Wired Faculty App

Calculate Index numbers for the different years taking 1984 as the base year.

Year

1984

1985

1986

1987

1988

1989

Price

80

90

100

110

140

160

Answer
Long Answer

Year

Price

Price Relatives

1984

80

1985

90

1986

100

1987

110

1988

140

1989

160

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Some More Questions From Index Numbers Chapter

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?

Why is it essential to have different CPIs for different categories of consumers?

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