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Question Practice

In the construction of a Consumer Price Index (CPI), what does an index of 150 signify?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Index Numbers
Question Bank

In the construction of a Consu...

Single Answer MCQ
Q-00063078

In the construction of a Consumer Price Index (CPI), what does an index of 150 signify?

1

Prices have halved since the base year

2

Prices have increased by 50% compared to the base year

3

Prices have remained unchanged since the base year

4

Prices have increased by 150% since the base year

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What does an index number measure?

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Q2.

Which formula represents a simple aggregative price index?

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Q3.

What is meant by a weighted index number?

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Q4.

Which of the following is a limitation of simple index numbers?

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