Maharashtra State BoardHSC Commerce 12th Board Exam
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Choose the correct alternative : The cost of Living Index Number using Aggregate Expenditure Method is given by - Mathematics and Statistics

MCQ

Choose the correct alternative :

The cost of Living Index Number using Aggregate Expenditure Method is given by

Options

  • `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`

  • `sum("p"_1"q"_1)/("p"_0"q"_1) xx 100`

  • `(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100`

  • `sum("p"_1"q"_0)/("p"_0"q"_0) xx 100`

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Solution

The cost of Living Index Number using Aggregate Expenditure Method is given by `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`.

Concept: Method of Constructing Cost of Living Index Numbers - Aggregative Expenditure Method
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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 5 Index Numbers
Miscellaneous Exercise 5 | Q 1.13 | Page 91
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