CPI also named as__________?
Correct answer: C. Both a and b
- A. Household price index
- B. Retail price index
- C. Both a and b
- D. None of these
Explanation
CPI is commonly called the retail price index because it measures changes in prices paid by consumers, and it may also be described as a household price index. Terminology varies by country, but both listed descriptions are used in this context.
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.