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MCQ
Choose the correct alternative :
Dorbish-Bowley’s Price Index Number is given by
Options
`((sum"p"_1"q"_0)/(sum"p"_0"q"_1) + (sum"p"_0"q"_1)/(sum"p"_1"q"_0))/(2) xx 100`
`((sum"p"_1"q"_1)/(sum"p"_0"q"_0) + (sum"p"_0"q"_0)/(sum"p"_1"q"_1))/(2) xx 100`
`((sum"p"_1"q"_0)/(sum"p"_0"q"_0) + (sum"p"_1"q"_1)/(sum"p"_0"q"_1))/(2) xx 100`
`((sum"p"_0"q"_0)/(sum"p"_1"q"_0) + (sum"p"_0"q"_1)/(sum"p"_1"q"_1))/(2) xx 100`
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Solution
Dorbish-Bowley’s Price Index Number is given by `((sum"p"_1"q"_0)/(sum"p"_0"q"_0) + (sum"p"_1"q"_1)/(sum"p"_0"q"_1))/(2) xx 100`.
Concept: Construction of Index Numbers - Weighted Aggregate Method
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