Question

Choose the correct alternative :

Price Index Number by Simple Aggregate Method is given by

Options

• `sum  "p"_1/"p"_0 xx 100`

• `sum  "p"_0/"p"_1 xx 100`

• `(sum  "p"_1)/(sum"p"_0) xx 100`

• `(sum  "p"_0)/(sum"p"_1) xx 100`

Answer 1

Price Index Number by Simple Aggregate Method is given by `sum  "p"_1/"p"_0 xx 100`.