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Question
Choose the correct alternative:
Cost of living at two different cities can be compared with the help of
Options
Consumer price index
Value index
Volume index
Un-weighted index
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Solution
Consumer price index
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| Commodity | Price | Quantity | ||
| 2000 | 2010 | 2000 | 2010 | |
| A | 12 | 14 | 18 | 16 |
| B | 15 | 16 | 20 | 15 |
| C | 14 | 15 | 24 | 20 |
| D | 12 | 12 | 29 | 23 |
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| Base Year | Current Year | Base Year | Current Year | |
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| Ghee | 2 | 2 | 100 | 120 |
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