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प्रश्न
Construct the cost of living Index number for 2015 on the basis of 2012 from the following data using family budget method.
| Commodity | Price | Weights | |
| 2012 | 2015 | ||
| Rice | 250 | 280 | 10 |
| Wheat | 70 | 85 | 5 |
| Corn | 150 | 170 | 6 |
| Oil | 25 | 35 | 4 |
| Dhal | 85 | 90 | 3 |
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उत्तर
| Commodity | Price | Weights (V) |
P = `"p"_1/"p"_0 xx 100` | PV | |
| 2012 (p0) |
2015 (p1) |
||||
| Rice | 250 | 280 | 10 | 112 | 1120 |
| Wheat | 70 | 85 | 5 | 121.43 | 607.15 |
| Corn | 150 | 170 | 6 | 113.33 | 679.98 |
| Oil | 25 | 35 | 4 | 140 | 560 |
| Dhal | 85 | 90 | 3 | 105.88 | 317.64 |
| Total | `sum"V"` = 28 | `sum"PV"` = 3284.77 | |||
Cost of living index number = `(sum"PV")/(sum"V")`
= `3284.77/28`
= 117.31
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संबंधित प्रश्न
Complete the Correlation:
__________ : Single variable :: Composite index : Group of variables
Index number was originally developed to measure ______.
Index number which is computed from a single variable called is a ______.
Write note on Fisher’s price index number
State the test of adequacy of index number
Using Fisher’s Ideal Formula, compute price index number for 1999 with 1996 as base year, given the following:
| Year | Commodity: A | Commodity: B | Commodity: C | |||
| Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | |
| 1996 | 5 | 10 | 8 | 6 | 6 | 3 |
| 1999 | 4 | 12 | 7 | 7 | 5 | 4 |
Choose the correct alternative:
Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to:
Choose the correct alternative:
Most commonly used index number is:
State with reasons whether you agree or disagree with the following statement:
Index number measures changes in the price level only.
Complete the correlation:
P0 : ______ : : P1 : Current year price.
