_________ measure the changes in the physical volume of production, construction or employment.

Price index numbers

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Quantity index numbers

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Production index

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None of the above

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Solution

The correct option is B Quantity index numbers
Quantity index number measures the relative change in the quantity in any particular year in comparison with the level of quantity in the base year.
The commonly used quantity index numbers relate to industrial production, export and import etc.

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Similar questions

A producer price index could measure changes in_____.

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

Consider the following statements about the Core Industries:

Which of the above statement(s) is/are incorrect?

What are the disadvantages in using Paasche's formula for the construction of a price index number?

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