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Question Practice

What is a major limitation of using the Consumer Price Index?

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

What is a major limitation of ...

Single Answer MCQ
Q-00063129

What is a major limitation of using the Consumer Price Index?

1

Does not account for regional price variations

2

Is based solely on luxury goods

3

Only measures price increases

4

Ignores housing costs

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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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