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Question Practice

What would be the result if the weighted index is calculated using outdated data?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What would be the result if th...

Single Answer MCQ
Q-00063104

What would be the result if the weighted index is calculated using outdated data?

1

Inaccurate reflect of current prices

2

More reliable results

3

Unchangeable over time

4

No effect on interpretations

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Q1.

What does an index number measure?

Single Answer MCQ
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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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