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

False

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True

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Solution

The correct option is B True

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Similar questions

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

Laspeyres Index
Paasche Index
Aggregate price index
Consumer Price Index

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. Q. In which of the following aspects, the Wholesale Price Index (WPI) and Consumer Price Index (CPI) differ from each other?Select the correct answer using the code given below:

2, 3 and 4 only
1, 3 and 4 only
1 and 2 only
1, 2, 3 and 4

Q. The following is the Wholesale Price Index (WPI) of a select list of items with the base year of 1993-94. In other words, all the item prices are made 100 in that year (1993-94). Price in all other year for an item are measured with respect to its price in the base year. For instance, the price of cement went up by

1 %

in 1994-95 as compared to
1993-94. Similarly, the price of power went up by

3 %

in 1996-97 as compared to 1993-94.

Which item(s) experienced only one decline in price during the ten-year period?

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