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Question
State whether the following is True or False :
`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100` is Dorbish-Bowley’s Price Index Number.
Options
True
False
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Solution
`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100` is Dorbish-Bowley’s Price Index Number False.
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| Commodity | Base Year | Current Year | ||
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| Commodity | Base Year | Current Year | ||
| Price | Quantity | Price | Quantity | |
| A | 8 | 20 | 11 | 15 |
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| Commodity | Base Year | Current Year | ||
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