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Question Practice

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

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

What does the term 'weighting'...

Single Answer MCQ
Q-00063062

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

1

Assigning equal importance to all variables

2

Discounting less important variables

3

Giving different importance to various items

4

Adjusting 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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