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Question Practice

When calculating the Weighted Price Index, why might some items be weighted more than others?

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

When calculating the Weighted ...

Single Answer MCQ
Q-00063113

When calculating the Weighted Price Index, why might some items be weighted more than others?

1

To account for seasonal price fluctuations.

2

To reflect the actual expenditure of consumers.

3

To determine market trends.

4

To normalize economic data across sectors.

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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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