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Index Numbers
The salary of a person in the base year is Rs. 4000 per month and the current year salary is Rs. 6000. By how much should his salary rise to maintain the same standard of living of C.P.I = 400?
Current salary should be
Actual current salary = Rs. 6000 His salary should be raised by = 16000 - 6000 = Rs. 10,000
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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?
What does a consumer price index for industrial workers measure?
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