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Question Practice

What formula is used to calculate the weighted price index?

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

What formula is used to calcul...

Single Answer MCQ
Q-00063132

What formula is used to calculate the weighted price index?

1

(Sum of weighted prices) / (Total weight)

2

Average of all product prices

3

(Price in current year / Price in base year) * 100

4

(Sum of base prices) / (Number of items)

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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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