The ratio of price of single commodity in a given period to its price in another period is called the

Related MCQs

• When the price of a divided by the price of the preceding year, we, get:
• What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:
• A ratio or an average of ratios expressed as a percentage is called
• A measure of is a single value that attempts to describe a set of data by identifying the central position within that set of
• A period for which index number is determined is called as ------
• The most appropriate average in averaging the price relatives is:
• Fishers price index number is the -------
• In Price Index Numbers prices can either be ?
• Index no. for the base period is always taken as
• The value at the base time period serves as the standard point of comparison