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Question Practice

What is the primary purpose of constructing an index number?

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

What is the primary purpose of...

Single Answer MCQ
Q-00063105

What is the primary purpose of constructing an index number?

1

To compare economic data

2

To measure customer satisfaction

3

To calculate net profits

4

To evaluate employee performance

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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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