Volume index in Marshall is _______________?
Correct answer: D. ∑qn(Po + Pn)/ ∑qo (Po + Pn) x100
- A. ∑pn(Po + Pn)/ ∑pn (Po + Pn)
- B. ∑qn(qo + qn)/∑qn(po + pn) x100
- C. ∑pn(qo + qn)/∑pn
- D. ∑qn(Po + Pn)/ ∑qo (Po + Pn) x100
Explanation
The Marshall-Edgeworth volume index uses the average of base- and current-period prices as weights: Σqₙ(p₀+pₙ) divided by Σq₀(p₀+pₙ), multiplied by 100. This corresponds to option d.
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
Base year quantities are used as weights in _______________?
Fisher's ideal index number is also obtained by _______________?
An index number is used______________?
The Index number are used to measure seasonal and cyclical variations in ____________?
The weighty system changed with _______________?
Link relative = ________________?