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Index Numbers

Question

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Calculate the index numbers for the period from 1995 to 2001, taking 1994 as base year.

Year

1994

1995

1996

1997

1998

1999

2000

2001

Price

75

50

65

60

72

90

75

70

Solution

Year	Price	Index Number for different years
1994	75
1995	50
1996	65
1997	60
1998	72
1999	90
2000	75
2001	70

Some More Questions From Index Numbers Chapter

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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