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  • Index Numbers

Index Numbers

Question
CBSEENST11024600
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Which index number is used to calculate the purchasing power of money and real wages?

Answer
Short Answer

Consumer price Index (CPI).

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Some More Questions From Index Numbers Chapter

As index number which accounts for the relative importance of the items is knwon as:

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:

 

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