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Question Practice

What does a Consumer Price Index (CPI) value of 277 indicate compared to the base year?

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

What does a Consumer Price Ind...

Single Answer MCQ
Q-00104151

What does a Consumer Price Index (CPI) value of 277 indicate compared to the base year?

1

Prices have decreased by 177%

2

Prices have increased by 177%

3

Prices have increased by 177% compared to the base year

4

Prices have remained constant since the base year

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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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