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.
Last updated
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.
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.
Related questions
1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
A scaling factor is used to_________________?
A simple aggregate price index_____________?
A time series is an arrangement of data according to __________________?
All Index numbers are not suitable for all _________________?