________was developed to measure changes in the cost of living in order to determine the wage increases necessary to maintain a constant standard of living.

Related MCQs

• ____________ measure of living costs based on changes in retail prices
• What will be the range of "r" when we find that the dependent variable increases as the independent variable increases
• Linear regression means that every time the value of x increases, y changes by a ______amount.
• 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
• An index that is designed to measure changes in quantities 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
• Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency
• The correlation coefficient is used to determine:
• In computing Index Numbers, ___________ is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base
• A monthly price index that measures the changes in the prices of goods sold in a primary market is known as the