When index number is calculated for several variables, it is called:

Related MCQs

• The product of the index number by another index number based on the same data with price and quantity interchanged should be equal to the ratio of aggregate value in the current to the aggregate value in the base year is
• The study of the relationship between one variables and the combined effect of all other variables is called
• Fisher's index number is the
• Which of the following is an ideal index number?
• Laspeyres' index number may be said to give
• Base period for an index number should be a
• What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices?
• Fisher's ideal index number is the geometric mean of the:
• The cost of living index number is essentially a
• A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called: