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.Management Sciences
Category: Index Number
A simple aggregate price index_____________?
A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities
An index number is used______________?
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
An Index Number calculated for more than one items is called ___________?
A. Sensitive Price Index number
B. Consumer Index Number
C. Simple Aggregation 1. Number
D. Chain Indices
G.M. between __________ is called to be Fisher’s Index Number?
A. Paasche’s Index Number
B. Marshall and Laspeyr’es
C. Laspeyre’s and Paasche’s
D. Fisher and Paasche’s
The formula ∑pnqn/poqn x100 is used to calculate?
A. The Laspeyres price index
B. The Paasche price index
C. The Paasche quantity index
D. The Laspeyres quantity index
This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household?
A. Laspeyres Price Index
B. Financial time Index
C. Paasche Price Index
D. Retail Price Index
Single number which shows ___________ changes in a phenomenon is called an Index Number?
A. Overall
B. Same
C. Variation
D. Capable
A scaling factor is used to_________________?
A. Change a simple index to a weight index
B. Convert the Paasche index to a Laspeyres index
C. Change the base year
D. change an aggregate index to a weighted index
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