Advertisements
Advertisements
प्रश्न
The following are the group index numbers and the group weights of an average working class family’s budget. Construct the cost of living index number:
| Groups | Food | Fuel and Lighting |
Clothing | Rent | Miscellaneous |
| Index Number | 2450 | 1240 | 3250 | 3750 | 4190 |
| Weight | 48 | 20 | 12 | 15 | 10 |
Advertisements
उत्तर
| Group | Weight (W) |
Index Number (I) |
WI |
| Food | 48 | 2450 | 117600 |
| Fuel and Lighting | 20 | 1240 | 24800 |
| Clothing | 12 | 3250 | 39000 |
| Rent | 15 | 3750 | 56250 |
| Miscellaneous | 10 | 4190 | 41900 |
| Total | 105 | 279550 |
Cost of living index number = `(sum"WI")/(sum"W")`
= `279550/105`
= 2662.38
APPEARS IN
संबंधित प्रश्न
Statements that are incorrect in relation to index numbers:
- An index number is a geographical tool.
- Index numbers measure changes in air pressure.
- Index numbers measure relative changes in an economic variable.
- Index numbers are specialized averages.
Complete the Correlation:
__________ : Single variable :: Composite index : Group of variables
State with reason whether you agree or disagree with the following statement:
Index numbers measure changes in the price level only.
Explain the features of index numbers.
Device that measures changes in an economic variable or a group of variables over a period of time –
Identify & explain the concept from the given illustration.
Bombay Stock Exchange has developed “Sensex” as a stock market index for reflecting the share prices of listed companies.
State the test of adequacy of index number
Discuss about Cost of Living Index Number
Choose the correct alternative:
Most commonly used index number is:
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
