(I) The change in any price is reflected in an index number.

(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.

True, True

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True, False

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False, False

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False, True

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Solution

The correct option is D
False, True

The change in any price may or may not be reflected in a price index number as such index reflects the change in terms of averages. The wholesale price index can be used to measure the monetary and real value of national income and expenditure.

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Similar questions

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

Is the change in any price reflected in a price index number?

The wholesale price index is used to forecast demand and supply scenario in an economy.

Which of the following statement(s) is/are correctly stated?

Codes :

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