Category: Index Number

A. Index Number
B. Special purpose
C. Reliable
D. Scope

A. Measure the change in quantity of product
B. Measure the overall change in price of a range of products
C. Measure the overall change in quantity of range of product.
D. Measure the change in price of a product

A. ∑pn/∑po x100
B. pn/po x100
C. pn/pn-1 x100
D. Both (a) and (b) but not (c)

A. Simple 1. No.
B. Aggregative 1. No.
C. Appropriate
D. Quantity Index Number

A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities

A. To measure changes in quantity
B. To measure changes in price
C. To measure changes in a variable over time
D. To measure changes in demand

A. Sensitive Price Index number
B. Consumer Index Number
C. Simple Aggregation 1. Number
D. Chain Indices

A. Yearly
B. Basely
C. Timely
D. Averagely

A. Three
B. Two
C. Four
D. One

A. Paasche’s Index Number
B. Marshall and Laspeyr’es
C. Laspeyre’s and Paasche’s
D. Fisher and Paasche’s