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Question Practice

Which of the following reasons would justify updating the base year for an index number?

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

Which of the following reasons...

Single Answer MCQ
Q-00063082

Which of the following reasons would justify updating the base year for an index number?

1

Increase in population

2

Changes in consumption patterns

3

External economic shocks

4

All of the above

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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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