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Question Practice

In the context of an index number, 'weights' refer to what?

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 context of an index num...

Single Answer MCQ
Q-00063110

In the context of an index number, 'weights' refer to what?

1

The price levels of items

2

The volume of items sold

3

The importance of different items in the index

4

The inflation rate across years

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Students who asked this also explored

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Q1.

What does an index number measure?

Single Answer MCQ
View explanation
Q2.

Which formula represents a simple aggregative price index?

Single Answer MCQ
View explanation
Q3.

What is meant by a weighted index number?

Single Answer MCQ
View explanation
Q4.

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

Single Answer MCQ
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