A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities
Related Mcqs:
- The Laspeyres price index_____________?
A. Regards the base year quantities as fixed
B. Regards the base year price as fixed
C. Regards the current year quantities as fixed
D. non of these - A simple aggregate quantity index is used to______________?
A. Measure the change in quantity of product
B. Measure the overall change in price of a range of products
C. Measure the overall change in quantity of range of product.
D. Measure the change in price of a product - The ratio of a new price to the base year price is called the___________?
A. Price decrease
B. Price absolute
C. Price increase
D. Price relative - Which of the following is simple hypothesis___________________?
A. u = 20
B. u ≠ 20
C. u 20 - Price in proceeding year used in the method is called __________?
A. Fixed Method
B. Chain Method
C. Aggregation Method
D. Volume - Consumer price Index Number also called _________ is designed to measure changes?
A. Cost Living Index number
B. Whole Sale Index number
C. weighted Index Number
D. Consumer Index Number - In Chain base method, the base period is ________________?
A. Fixed
B. Constant
C. Change
D. None of these - The formula ∑poqn/∑poqo x100 is used to calculate_______________?
A. The Laspeyres price index
B. The Paasche quantity index
C. The Laspeyres quantity index
D. The Paasche price index - Average calculated used in index number by __________ method?
A. Three
B. Two
C. Four
D. One - Volume index in Marshall is _______________?
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
