Question
Which index number is used to calculate the purchasing power of money and real wages?
Solution
Consumer price Index (CPI).
Which index number is used to calculate the purchasing power of money and real wages?
Consumer price Index (CPI).
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:
Mock Test Series
