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Question Practice

Which of the following is true about a Weighted Price Index?

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

Which of the following is true...

Single Answer MCQ
Q-00104152

Which of the following is true about a Weighted Price Index?

1

It gives equal weight to all items in the basket

2

It is based on the price movements of the most significant items

3

It always shows a lower increase than an unweighted index

4

It is constructed using only past price data

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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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