Types and Uses of Index Numbers

IMPORTANT

Types and Uses of Index Numbers: Overview

This Topic covers sub-topics such as Index Numbers, Price Index Numbers, Quantity Index Number, Value Index Number, Laspeyres Method, Uses of Index Numbers, Fisher's Price Index, Paasche's Method and, Dorbish and Bowley’s Index

Important Questions on Types and Uses of Index Numbers

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The value of the base time period serves as a standard point of comparison:

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The weighted aggregative price index hymbers for 2001 with 2000 as the base year using Fisher's Index Number is

Commodity Price (in) Quantities
  2000 2001 2000 2001
A 10 12 20 22
B 8 8 16 18
C 5 6 10 11
D 4 4 7 8

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The weighted aggregative price index numbers for 2001 with 2000 as the base year using Marshal - Edgeworth Index Number is:

Commodity Price (in) Quantities
  2000 2001 2000 2001
A 10 12 20 22
B 8 8 16 18
C 5 6 10 11
D 4 4 7 8

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The consumer price Index goes up from 120 to 180 when salary goes up from 240 to 540, what is the increase in real terms?

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Index Number are expressed as _________

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Fisher’s ideal index does not satisfy ______ test

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Fisher's ideal formula does not satisfy test______.

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For year 2015, price index was 267% with base year 2005. The percentage increase in price index over base year 2005 is_____.

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A Population comprises of 5 units. The total number of all possible samples each of size 2 units that can be drawn from the population with replacement is:

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If Laspeyre's index is L and Paasche's index is P then Fisher's index F is:

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Which of the following is correct?

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If the ratio between Laspeyre's index number and Paasche's Index number is 28: 27. Then the missing figure in the following table P is:

Commodity Base Year Current Year
Price Quantity Price Quantity
X L 10 2 5
Y L 5 P 2

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If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average by

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Cost of Living Index number C. L. I. is expressed in terms of:

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Time reversal Test is satisfied by following index number formula is

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Price-relative is expressed in term of

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Fisher's ideal index number is

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Paasche index is based on

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Fisher's index number is based on

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Consumer Price index number for the year 1957 was 313 with 1940 as the base year. The Average Monthly wages in 1957 of the workers into factory be  160/- their real wages is