A composite price index based on the prices of a group of items is known as the

Laspeyres Index

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Paasche Index

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Aggregate price index

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Consumer Price Index

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Aggregate price index
A composite price index based on the prices of a group of items is known as the Aggregate price index.

Suggest Corrections

Similar questions

Q. Price index only compares the prices of a set of items for different years.

A price index of two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, then the price index becomes 279. Similarly, if they are assigned weights of 50 each, then the price index turns out to be 265. Determine the individual price index number of items A and B.

A price index two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, the price index becomes 279. Similarly, if they are assigned weights of 50 each, the price index turns out to be 265. Determine the individual price index numbers of items A and B.

Q. A weighted aggregate price index where the weight for each item is its base period quantity is known as the

Q. Construct index numbers by (aggregative method) based on the price of 2011 from the following figures:

Items	A	B	C	D	E	F
Prices (2011)	200	60	350	100	60	80
Prices (2016)	240	90	600	110	62	90

Join BYJU'S Learning Program

A composite price index based on the prices of a group of items is known as the

The correct option is C Aggregate price indexA composite price index based on the prices of a group of items is known as the Aggregate price index.

The correct option is C Aggregate price index
A composite price index based on the prices of a group of items is known as the Aggregate price index.