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प्रश्न
State the uses of cost of Living Index Number
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उत्तर
Uses of Cost of Living Index Number:
(i) It indicates whether the real wages of workers are rising or falling for a given time.
(ii) It is used by the administrators for regulating dearness allowance or grant of bonus to the workers.
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संबंधित प्रश्न
Index numbers that measure changes in the level of output or physical volume of production in the economy −
Device that measures changes in an economic variable or a group of variables over a period of time –
Index number was originally developed to measure ______.
Define Index Number
Mention the classification of Index Number
Define Laspeyre’s price index number
Write note on Fisher’s price index number
Discuss about Cost of Living Index Number
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
The base year's index of a selected variable is assumed as ______.
