An index number is used______________?

Correct answer: C. To measure changes in a variable over time

  • A. To measure changes in quantity
  • B. To measure changes in price
  • C. To measure changes in a variable over time
  • D. To measure changes in demand

Explanation

An index number expresses the relative change in a variable, or group of variables, over time using a reference period. Prices and quantities are common examples, but the broader definition is option c.

Written and checked by , MS Computer ScienceLast updated
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