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Question Practice

What does the term 'weight' refer to in the context of weighted index numbers?

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

What does the term 'weight' re...

Single Answer MCQ
Q-00063080

What does the term 'weight' refer to in the context of weighted index numbers?

1

The physical weight of items in a basket

2

The importance of items in the index

3

The numerical value of items in the market

4

The frequency of item occurrence

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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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