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:

Related MCQs

• Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:
• Laspeyres index = 110, Paasche's index = 108, then Bowley’s index is equal to:
• Index for base period is always taken as:
• Index for base period is always taken as
• 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
• Another name of consumer's price index number is:
• Consumer price index indicates
• In business and economics, index numbers can be classified as
• Fishers’ index number is
• Index numbers are expressed in: