The consumer price index for June 2010 was 125. The food index was 120 and that other items 135. What is the percentage of total weight given to food? Ans. We know that
Suppose X is the percentage of weight given to food. In this case
Hence the percentage of weight given to food is 66.66.
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?
What is the difference between a price index and a quantity index?
Mock Test Series
