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Question Practice

What is a significant drawback of using outdated data in index number calculations?

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

What is a significant drawback...

Single Answer MCQ
Q-00063108

What is a significant drawback of using outdated data in index number calculations?

1

It can lead to accurate predictions.

2

It provides relevance for current economic policies.

3

It may yield misleading results.

4

It ensures thorough data analysis.

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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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