The total current year prices for the various commodities in question is divided by the total of base year prices and the quotient is multiplied under

Related MCQs

• If the price of commodity’ X’ is 4 in the year 2003 and 5 in the year 2004. Then, the price index for the year 2004, used 2003 as base year is:
• Two matrices A and B are multiplied to get AB if
• Two matrices A and B are multiplied to get AB if,
• Two matrices A and B are multiplied to get AB if
• __________ ignore(s) the relative importance of the commodities being measured.
• The total of all the observations divided by the number of observations is called
• In semi averages method, the given data is divided into:
• Index for base period is always taken as:
• Index for base period is always taken as
• ...............refers to the number of independent observations which is obtained by subtracting the number of constraints from the total number of observations.