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Index Numbers

Question

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What is the symbol of the price of the base year ?

Solution

P₀

Some More Questions From Index Numbers Chapter

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:

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