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Question
Choose the correct alternative:
While computing a weighted index, the current period quantities are used in the:
Options
Laspeyre’s method
Paasche’s method
Marshall Edgeworth method
Fisher’s ideal method
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Solution
Paasche’s method
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RELATED QUESTIONS
______ : Base year prices :: P1 : Current year prices.
State with reason whether you agree or disagree with the following statement:
Index numbers measure changes in the price level only.
Device that measures changes in an economic variable or a group of variables over a period of time –
Index number was originally developed to measure ______.
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| Commodity | A | B | C | D | E |
| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
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| Year | Commodity: A | Commodity: B | Commodity: C | |||
| Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | |
| 1996 | 5 | 10 | 8 | 6 | 6 | 3 |
| 1999 | 4 | 12 | 7 | 7 | 5 | 4 |
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Choose the correct alternative:
Which of the following Index number satisfy the time reversal test?
The base year's index of a selected variable is assumed as ______.
