Advertisement
Advertisement
Advertisement
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`
Advertisement
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
Is there an error in this question or solution?
