Question

Can the CPI for urban non-manual employees represent the changes in the cost of living of the President of India?

Solution

Yes, the CPI number for urban non-manual employees represents the changes in the cost of living of the President of India, because he is also non-manual employee.

Some More Questions From Index Numbers Chapter

consumer price index measures changes in:

The wholesale price index.

D.A. paid to the workers is based on:

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Index Numbers

Can the CPI for urban non-manual employees represent the changes in the cost of living of the President of India?

Some More Questions From Index Numbers Chapter

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?

What is the difference between a price index and a quantity index?

Is the change in any price reflected in price index number?

Can the CPI for urban non-manual employees represent the changes in the cost of living of the President of India?

Try to list the important items of consumption in your family.

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