An Index Number calculated for more than one items is called ___________?
Correct answer: C. Simple Aggregation 1. Number
- A. Sensitive Price Index number
- B. Consumer Index Number
- C. Simple Aggregation 1. Number
- D. Chain Indices
Explanation
An index covering several items is an aggregate or composite index; the listed option refers to a simple aggregative index number. A consumer price index is a particular type of composite index, not the general definition asked here.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Index Numbers and Time Series
34 free Index Numbers and Time Series MCQs from Statistics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Statistics questions like this
Statistics is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Index Numbers and Time Series questions
Ratio between given year and base year is called __________ in percentage?
Weighted Index number can be classified into _________ categories?
Price in proceeding year used in the method is called __________?
The index numbers are used to measure seasonal and cyclical variations in __________?
Measure the change in quantity of goods are called ________________?