A. Fixed
B. Constant
C. Change
D. None of these
Index Number
Link relative = …………….?
A. Pn/pn-1 x100
B. Pn/Po x10
C. Pn/Po x100
D. None of these
Paasche’s Index number is …………..?
A. ∑pnqo/∑poqo
B. ∑pnqo/∑pnqo x100
C. ∑pnqn/∑poqo
D. ∑pnqn/∑poqn x100
Which of the formula is used in chain indices: …………….?
A. ∑pn/∑po x100
B. pn/po x100
C. pn/pn-1 x100
D. Both (a) and (b) but not (c)
The index number of base period is always:……………?
A. 100
B. 200
C. The price of that year
D. None of these
The ratio of a new price to the base year price is called the………..?
A. Price decrease
B. Price absolute
C. Price increase
D. Price relative
A simple aggregate price index………….?
A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities
The Laspeyres and Paasche index are examples of……………..?
A. Aggregate index numbers
B. Weighted index numbers
C. Weighted price index only
D. Weighted quantity index only
The formula ∑poqn/∑poqo x100 is used to calculate……………?
A. The Laspeyres price index
B. The Paasche quantity index
C. The Laspeyres quantity index
D. The Paasche price index
A scaling factor is used to……………..?
A. Change a simple index to a weight index
B. Convert the Paasche index to a Laspeyres index
C. Change the base year
D. change an aggregate index to a weighted index