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MCQ

Fill in the Blanks

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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#### RELATED QUESTIONS

Value Index Number by Simple Aggregate Method is given by ______.

`(sum"q"_0)/(sum"q"_1) xx 100` is the Quantity Index Number by Simple Aggregate Method.

**Solve the following problem :**

Find x if the Price Index Number using Simple Aggregate Method is 200.

Commodity |
P | Q | R | S | T |

Base Year Price |
20 | 12 | 22 | 23 | 13 |

Current Year Price |
30 | x | 38 | 51 | 19 |

Price Index Number by Simple Aggregate Method is given by ______

Value Index Number by Simple Aggregate Method is given by ______