What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices?

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 most appropriate average in averaging the price relatives is:
• 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
• When index number is calculated for several variables, it is called:
• Fisher's ideal index number is the geometric mean of the:
• The cost of living index number is essentially a
• Index numbers are useful only when data can be expressed in