Wholesale Price Index Is Used to Measure the

Arithmetic mean

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Geometric mean

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Inflation

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Appreciation

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Solution

The correct option is C
Inflation

Answer:
(c) Inflation
The wholesale price index along with Consumer price index are two measures for determining the inflation of a country.
Also read:
Difference Between Wholesale Price Index and Consumer Price Index
MCQs on Consumer Price Index CPI
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Similar questions

(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.

In general, inflation is calculated by using

(i) wholesale price index

(ii) consumer price index

(iii) producers’ price index

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

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

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