Advertisements
Advertisements
प्रश्न
Define true value ratio
Advertisements
उत्तर
`(sum"p"_1"q"_1)/(sum"p"_0"q"_0)` is the ratio of the total value in the current period to the total value in the base period and this ratio is called the true value ratio.
APPEARS IN
संबंधित प्रश्न
Complete the Correlation:
__________ : Single variable :: Composite index : Group of variables
Explain the features of index numbers.
Device that measures changes in an economic variable or a group of variables over a period of time –
Assertion (A): Index numbers are statistical devices.
Reasoning (R): Index numbers measure only changes in the price level over a period of time.
State the uses of Index Number
Define family budget method
Using the following data, construct Fisher’s Ideal index and show how it satisfies Factor Reversal Test and Time Reversal Test?
| Commodity | Price in Rupees per unit | Number of units | ||
| Basic year | Current year | Base year | Current year | |
| A | 6 | 10 | 50 | 56 |
| B | 2 | 2 | 100 | 120 |
| C | 4 | 6 | 60 | 60 |
| D | 10 | 12 | 50 | 24 |
| E | 8 | 12 | 40 | 36 |
Choose the correct alternative:
While computing a weighted index, the current period quantities are used in the:
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
Complete the correlation:
P0 : ______ : : P1 : Current year price.
