1
Question
(I) A rising price index implies a growing level of economic activity.
(II) Simple index number can be constructed only by the simple aggregative method.
(I) A rising price index implies a growing level of economic activity.
(II) Simple index number can be constructed only by the simple aggregative method.
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Solution
The correct option is B False, False
The rise in price index could be due to other reasons as well and not necessarily due to higher economic activity.
As for statement (II), simple average of price relatives is another method.
False, False
The rise in price index could be due to other reasons as well and not necessarily due to higher economic activity.
As for statement (II), simple average of price relatives is another method.
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