Consumer price Index Number also called _________ is designed to measure changes?
Correct answer: A. Cost Living Index number
- A. Cost Living Index number
- B. Whole Sale Index number
- C. weighted Index Number
- D. Consumer Index Number
Explanation
The Consumer Price Index tracks changes in the prices of goods and services purchased by consumers, so it is also called the Cost of Living Index. A wholesale index instead concerns prices at the wholesale level.
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
G.M. between __________ is called to be Fisher's Index Number?
Average calculated used in index number by __________ method?
The object of Index number also determines its _______________?
All Index numbers are not suitable for all _________________?
A scaling factor is used to_________________?
The formula ∑poqn/∑poqo x100 is used to calculate_______________?