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Choose the correct pair: Group A Group B 1) Price Index a) pqpq∑p1q1∑p0q0×100 2) Value Index b) qq∑q1∑q0×100 3) Quantity Index c) pqpq∑p1q1∑p0q1×100 4) Paasche's Index d) pp∑p1∑p0×100 - Economics

MCQ
Match the Columns

Choose the correct pair:

Group A Group B
1) Price Index a) `(∑"p"_1"q"_1)/(∑"p"_0"q"_0)xx100`
2) Value Index b) `(∑"q"_1)/(∑"q"_0)xx100`
3) Quantity Index c) `(∑"p"_1"q"_1)/(∑"p"_0"q"_1)xx100`
4) Paasche's Index d) `(∑"p"_1)/(∑"p"_0)xx100`

Options

  • 1-d, 2-c, 3-a, 4-b

  • 1-d, 2-a, 3-b, 4-c

  • 1-b, 2-c, 3-d, 4-a

  • 1-c, 2-d, 3-a, 4-b

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Solution

1-d, 2-a, 3-b, 4-c

Group A Group B
1) Price Index d) `(∑"p"_1)/(∑"p"_0)xx100`
2) Value Index a) `(∑"p"_1"q"_1)/(∑"p"_0"q"_0)xx100`
3) Quantity Index b) `(∑"q"_1)/(∑"q"_0)xx100`
4) Paasche's Index c) `(∑"p"_1"q"_1)/(∑"p"_0"q"_1)xx100`
Concept: Index Numbers
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 1. (5) | Page 59
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