This index measures the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household

Related MCQs

• A monthly price index that measures the changes in the prices of goods sold in a primary market is known as the
• A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the
• A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the
• What method is used to sample a population so that it is representative of the population
• The index no. is a special type of average
• An insurance agent earns a commission on each policy sold. This person made Rs.3,000 in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:
• Statistics is the study of _______ measures of the values associated with variables
• Which of the following measures of central tendency is not affected by extreme values in the sample data set
• Which of the following measures become larger as the data is more dispersed
• The Laspeyres and Paasche index are examples of: