Quantity Index Number by Simple Aggregate Method is given by ______. - Mathematics and Statistics

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MCQ
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Quantity Index Number by Simple Aggregate Method is given by ______.

Options

  • `sum(q_1)/(q_0) xx 100`

  • `sum(q_0)/(q_1) xx 100`

  • `(sumq_1)/(sumq_0) xx 100`

  • `(sumq_0)/(sumq_1) xx 100`

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Solution

Quantity Index Number by Simple Aggregate Method is given by `bb(underline((sumq_1)/(sumq_0) xx 100)`.

Concept: Construction of Index Numbers - Simple Aggregate Method
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Chapter 2.5: Index Numbers - Q.1
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